All Forum Posts by: Richard Chang

@Sendhil Krishnan

Hi, did you end up using either Reali or Openlistings?

Could you please share your experiences?

Thank you.

Richard

@Sreenidhi S.

Hi, did you end up using either Reali or Openlistings?

Could you please share your experiences?

Thank you.

Richard

Hi, Dave,

Does PPR accept non accredited investor's investment?

Thank you. 

Hi,

Thank you all for your responses in advance.

I am considering selling one of my two rental properties and do a 1031 Exchange.  I’m not an Accredited Investor, so I won’t be able to invest at 1031crowdfunding.

Question #1: Is there any 1031 Exchange crowdfunding web sites for non-Accredited Investors?

Question #2: Is there any NNN 1031 Exchange web sites for non-Accredited Investors?

My rental property’s market value is about $340K and the mortgage balance is $150K.  If I sell it, the proceeds will be around $170K after deducting all associated costs.  Based on my reading at BP, for a 1031 Exchange, I know that I have to purchase a Replacement Property for at least $340K and I have to put all the proceeds $170K into a replacement property purchase to defer tax.

Question #3: If I can provide additional $30K to combine with the $170K (a total of $200K), does this mean that I can only afford to purchase a Replacement Property between  $800K (with 25% down) and $1M (with 20% down)?

Question #4: Is there any NNN 1031 Exchange properties below $1M?

Thank you all very much.

Richard