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All Forum Posts by: Steve S.

Steve S. has started 308 posts and replied 734 times.

Post: 1031 during COVID-19

Steve S.Posted
  • Lender
  • Los Angeles, CA
  • Posts 800
  • Votes 228

@Harsh R. opportunity zone funds are the way to go... I know one that is solving the homeless problem while making you money... that sounds like a win win... also ... avoid these pitfalls ... https://www.biggerpockets.com/...

Post: Has anyone reverse house hacked for tax exempt capital gains ?

Steve S.Posted
  • Lender
  • Los Angeles, CA
  • Posts 800
  • Votes 228

use opportunity zones for 1031 capital gains money, park it for awhile then take it back... super simple

Post: Seeking advice on Scenarios for 1031 Exchange/Loans/Cash on Hand

Steve S.Posted
  • Lender
  • Los Angeles, CA
  • Posts 800
  • Votes 228

@Faraz Rashid you need to avoid certain things... major pitfalls out there my friend... major pitfalls

https://www.biggerpockets.com/...

there are better options for sure

Post: Is it possible to 1031 Exchange in Different States?

Steve S.Posted
  • Lender
  • Los Angeles, CA
  • Posts 800
  • Votes 228

absolutely... but be careful... be smart in what you invest in... trust me my friend https://www.biggerpockets.com/...

take warning ... be smart... be vigilant

Post: Must do 1031 exchange before July 15th , what to buy ?

Steve S.Posted
  • Lender
  • Los Angeles, CA
  • Posts 800
  • Votes 228

@Tracey Robinson get back to me in what to do... check this out... read more... avoid all this ridiculous advice... https://www.biggerpockets.com/...

TRUST

Post: Exit strategy for 1031 exchange

Steve S.Posted
  • Lender
  • Los Angeles, CA
  • Posts 800
  • Votes 228

@Dan Keem opporutnity funds is the way to go... this is the right way. check it out. https://www.biggerpockets.com/...

this makes most sense

Post: Sell and 1031 exchange to a better market, or hold?

Steve S.Posted
  • Lender
  • Los Angeles, CA
  • Posts 800
  • Votes 228

@Tracey Corea I already weighed in on this. tell me your thoughts and if this helps at all. There are good options out there for you to wait it out.

https://www.biggerpockets.com/...

Post: Looking for Money Partner(s) to Fund 48-Unit Multifamily Deal

Steve S.Posted
  • Lender
  • Los Angeles, CA
  • Posts 800
  • Votes 228

run from this... what? who buys multifamily right now??? makes no sense... see this information https://www.biggerpockets.com/...

Post: Denver Trends for April 2020

Steve S.Posted
  • Lender
  • Los Angeles, CA
  • Posts 800
  • Votes 228

office space and multifamily investing is dead... trust me... https://www.biggerpockets.com/...

Post: If the Market is Crashing, Then Why Aren't You Selling?

Steve S.Posted
  • Lender
  • Los Angeles, CA
  • Posts 800
  • Votes 228

You always sell high and buy low... now is not the time to make any moves unless proven... check this out

https://www.biggerpockets.com/...

it will inform you