All Forum Posts by: Craig Fitzsimmons

Hi All,

I am investing in my first syndication. Ideally I'd like to 1031 my profits when the deal sells in 7-8 years. In order to do so, does my LLC need to be listed as a tenant in common?

Anything else I need to be aware of?

My LLC is a sole proprietorship, so that makes it a little more straightforward for taxes.

Thanks in advance!

Craig

Hi All,

Does anyone have any investor-friendly lenders in the Des Moines area for commercial properties?

Thanks!

Craig

Hi All! It appears many of the beachfront condos in/around Myrtle Beach are the hotel-style in which all units have the same carpet, furniture, etc. I usually associate this with higher HOAs and some sort of onsite rental program. Does anyone have information on these types of rentals in Myrtle Beach? Can we rent on our own via VRBO, etc? What’s a ballpark insurance cost (hurricanes, etc) for a $300,000 place?

Thanks in advance!

Craig

@Dave Foster - Ha! Just realized the title says 1032 not 1031! Must have fat-fingered that one. Oops. 🤦🏻‍♂️

@Dave Foster - thank you!

Hi All,

I'm looking to sell 1-2 of my smaller MFs and 1031 into larger MFs. My current smaller properties are just under my name, but the larger MFs will be under an LLC. I'd be the only member of that LLC, so I'm hoping this isn't a big deal. Can someone confirm you can 1031 from a property under personal name and acquire the new property under an LLC?

Thanks in advance!

@Chad Daniel - thanks!

@Chase Keller - that would be great, thanks!

Anyone have a property management recommendation for smaller MFs in/around Des Moines? Thanks in advance!

@Todd Powell - I do! Overall had good luck with their screening services too.