1031 Into New Market Cash Flow Properties

[Scott Hanson]

I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with this change we would like to reoptimize the portfolio for cash flowing properties, and are not particularly concerned with appreciation. We also have two other investors/portfolios who are looking to do the same thing. We have been reviewing the Chicago area. Looking for real estate professionals in the Chicago area that can helps us navigate the unknown unknowns of a new market. Particular issues we would like to learn about include taxation, neighborhoods, assessment, maintenance and management challenges of the Chicago area.