All Forum Posts by: Etan Frankel

I guess refinancing (and rent the apartment) and using the proceeds is the best way to extract the equity to use towards a new home? Is there a better way? 

If I sell an apt building I bought using a FHA loan, can I use the original investment and capital gains (I believe it would be tax free for the first $500K since I'm married) to buy a primary residence (1031 exchange), or do I have to reinvest it in a commercial property?

3 properties on E Florence Blvd and Compton Ave that were recently rezoned from 1:1 FAR Neighborhood Business (Commercial only) to 3:1 FAR Mixed Use (Commercial and Residential), with 150 units density/acre and additional incentives for joining lots. Properties are currently a strip mall (7 retail stores including Auto Zone, Pizza Hut and Subway), Nail Salon with 3 studios in separate structures and a parking lot.

Ideal for Mixed-Use redevelopment. Let me know if you would like further info.

3 properties on E Florence Blvd and Compton Ave that were recently rezoned from 1:1 FAR Neighborhood Business (Commercial only) to 3:1 FAR Mixed Use (Commercial and Residential), with 150 units density/acre and additional incentives for joining lots. Properties are currently a strip mall (7 retail stores including Auto Zone, Pizza Hut and Subway), Nail Salon with 3 studios in separate structures and a parking lot. 

Ideal for Mixed-Use redevelopment.  Let me know if you would like further info.

I don't think its possible considering there are no capital gains taxes when doing a 1031 exchange... It seems like the program is designated to have capital gains from non-real estate assets reinvested in these Opportunity Zones.

But I could be wrong...

Am I able to get FHA financing for my first home if I am purchasing it through my Self Directed IRA?

Does anyone have experience doing this?

Do people think the new Opportunity Zone program will attract funding to invest in lower class neighborhoods? 

Thanks, what type of broker should I be to looking for?

I have 2 commercial buildings that cash flow very well and have been recently rezoned to allow for residential. Who can I talk to that would be able to help determine if its worth redeveloping the property? Do I go straight to a developer and see what they think?

I have 3 adjacent properties in the Los Angeles that are going to be in an Opportunity Zone.

One thing I cant find is how to go about finding funding from Opportunity Funds if I want to re-develop the land. Is this something the developer would look into? Or should I see how much money we would be able to raise from these funds before looking to construct a building?