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All Forum Posts by: Damian Smith

Damian Smith has started 2 posts and replied 4 times.

Post: Would you risk conducting a 1031 exchange right now?

Damian SmithPosted
  • Rental Property Investor
  • Incline Village, NV
  • Posts 5
  • Votes 2

@Dave Foster, @Steve S.@Mark H. Porter - thanks for the input.

Brings up some interesting points about avoiding office buildings and multifamily. 

I have been targeting mobile home parks or commercial (light industrial or regional retail).

I would also be exchanging out of the existing market, so the time phased "peek" idea has me thinking now.

Post: Would you risk conducting a 1031 exchange right now?

Damian SmithPosted
  • Rental Property Investor
  • Incline Village, NV
  • Posts 5
  • Votes 2

Just got notice that our renters are moving out in Port Hueneme, CA. 

Approx $300k in equity and the goal has been to 1031 exchange into a comercial property ~$1M.

 Given all the uncertaintity with the current pandemic is it too risky to execute a 1031 exchange right now?

Post: Looking to connect with wholsesalers in Iowa

Damian SmithPosted
  • Rental Property Investor
  • Incline Village, NV
  • Posts 5
  • Votes 2

Hi,

Looking to connect with wholesalers in Iowa.  Speficially, I have been investing in the Cedar Falls and Waterloo areas.  

Best Regards,

Damian

[email protected]

Post: New construction costs?

Damian SmithPosted
  • Rental Property Investor
  • Incline Village, NV
  • Posts 5
  • Votes 2

Hi Brandon,

I'm curious what your costs per sf ended up being.  I'm looking into doing something similar in the Anderson, IN area.

Damian