Newbie trying to do a multi-family build job deal with a 1031

[Carrie Peter]

Hi Guys! I have been in the single family rental real estate market for the last 10 years and trying to 1031 into a multi-family unit in the Boise area and it is proving HARD to come by! Anyways we have found a build job opportunity for 3, 4 plexs (12 units) but it is a build job from a builder that isn't known and I really cant find much information about them online. They are willing to structure it to buy the land from them with a 1031 and do the build job separate but hoping anyone here might have experience and guidance about how to structure it so we cover ourselves. Any advice would be appreciated! I feel a lot out of my comfort zone with this one-but excited about the possibility as well...

[Tyler Resnick]

Michael Baldner with Meuleman Mollerup LLP

If he can’t get you squared away, run from that deal :-)