All Forum Posts by: Erica Chung

Hi!

I am looking for real estate agents who have potential investing listings for commercial and multifam unit in Southern California area. Preferably close to Los Angeles area

1. Property that can downpay $45k

2. Property that can downpay $1.5-2M

Cheers!

Erica

Hi!

I am looking for real estate agents who have potential investing listings for commercial and multifam unit in Southern California area. Preferably close to Los Angeles area

1. Property that can downpay $45k

2. Property that can downpay $1.5-2M

Cheers!

Erica

I am looking for real estate agents who have potential investing listings for commercial and multifam unit in Southern California area. Preferably close to Los Angeles area

1. Property that can downpay $45k

2. Property that can downpay $1.5-2M

Cheers!

Erica

I have a single family unit home that is going to be sold for $1.2M.

I want to do a 1031 Exchange, but confused what my next property purchase needs to be. Single, multi, commerical..

The new property I want to exchange for is worth $2.5M.

I read online that as long as the like-kind property is used for rental, business or trade, or investment then it is suitable for the exchange.

I'm still not clear about finding a like-kind property. So, if I sell the single family unit house for $1.2M, could I exchange for a 5+ unit commercial property? Because, the exchange purpose is to select property that will generate me income, correct? Could I live in this property too?

Also, when applying the 1031 exchange, the next property cost should be higher than the initial property sold correct?

Need clarification about the 1031 and purchasing a like-kind property

Thanks

Airyca

@Oleg Shalumov

Well and simply put !

@Eric Black @Katie L. @Basit Siddiqi

Thank you so much for the advice! 

@Michael T. 

For sure, I will check out the podcasts!

Hi everyone. I’m very new to real estate investing. I’ve just been feeding on reading content. I’m currently reading Long Distance Real Estate Investing by David Greene. And would like to apply his advice to starting my first purchase.

But I’m just stuck in the legal aspect. For an investor purchasing their first property outside California...

1. Would it make sense to start with single or multi unit home?

2. Invest personally or form an entity?

3. I am not married, no kids, paying taxes in California. Could I form an entity in another state without having an office and team?

- Airyca