All Forum Posts by: Darius Moezinia

very well said. Thank you for the feed back. I have to push harder.

I am purchasing a 2 unit building in City of Los Angeles that is zone Commercial. The buildings were built as residences in 20's and falls under Rent Control.

My agreement with the seller was to have the property Vacant at the end of escrow and I paid 39k for tenant relocation in escrow.

The seller is not co-operating and wants me to inherent the tenants and evict them on my own. I am doing a 1031 exchange and my time is running out. Any suggestions?? 

Thank you Bill.

I Just sold a property that I owned for 5 years for 400K and have 2 replacement properties identified.

Property A, I have been in escrow for the the last which had title problems and is nearly resolved (at purchase price of 600k) and property B which I am also in escrow for 300k and must close next week. I am planning to close escrow on "B" and refinance it to pull some money out to buy "A" ( and since I may be short in cash bring on a silent partner on board).

Eventually, I like to sell "B", and buy out my partner on"A", so would have "A" for myself.

is this doable? what are the pros and cons? Provided I follow all the timelines and hold property "A" as joint tenants with my partner?