The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.

Here is a video that runs down the basics - https://s-media.nyc.gov/agencies/specialenforcement/01-Legal...There is also a prohibited building list - https://www.nyc.gov/site/specialenforcement/registration-law...Here are some more info overall - https://www.nyc.gov/site/specialenforcement/registration-law..All of this makes STRs in the city pretty tough but it certainly not impossible.

It is common practice for mortgage companies to later sell the already funded loan to a 3rd party like a hedge fund or a bank after the fact.

Learn everything about real estate like it's your favorite video game and show your wife how passionate you are and how much you believe in real estate.

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.

Airy closer to Germantown Ave, the more north the better (19119)Garden Court (19143), Cedar Park (19143), Walnut Hill (19139)B: New construction going on but mainly as multis, few SF build and sell, most action are in flips rehabs, no bars or restaurants yet.

Probably good to have a flip as exit strategy in case banks don't come to the party.

One of the first deals I had (multi in an up and coming area) my buyer was paying cash and the deal was solid.  

With $4K/month in cash flow and strong equity, holding seems like a great move, especially since Chicago’s multi-family market is still solid.

I am looking to get my first quadplex through creative financing. Are there any tips you might have on sourcing great deals, deal structure, and how to know whether LTR, MTR, or STR is the best route to take? My ultim...