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All Forum Posts by: Michael Alford

Michael Alford has started 1 posts and replied 3 times.

Post: Small Group RE Investing Preserving 1031 Like Exchange

Michael AlfordPosted
  • Investor
  • Summerville, SC
  • Posts 3
  • Votes 0

Thanks for the reply @Dave Foster

Post: Small Group RE Investing Preserving 1031 Like Exchange

Michael AlfordPosted
  • Investor
  • Summerville, SC
  • Posts 3
  • Votes 0

I'm looking for more information on how to invest in real estate with a small group of individuals holding long term rentals preserving the ability to like exchange when investors want to cash out.

1) Is there a way I can structure an investment entity that preserves the ability to 1031 like exchange if investors want to cash out? My understanding this is do-able with Tenants in Common(TIC), but makes it almost impossible to get loan financing. Is there a way to do this with syndication?

2) Is there a way I can 1031 exchange proceeds of properties owned by me into an investment entity with multiple investors? Or exchange without selling to the entity?

Post: Transferring property to a LLC

Michael AlfordPosted
  • Investor
  • Summerville, SC
  • Posts 3
  • Votes 0

I would recommend researching land trusts and then talking to a RE attorney. You don't have to refinance to get the protection of a LLC.