Hi all, I wanted to see if anyone here has experience in condo conversions in the city of Beverly Hills.

.- The syndication sells later for $5M, and my share grows to $200K.- I want to 1031 exchange again.Question:Does my next deal have to be larger than $5M (the overall deal size) or just larger than my share of the equity in that deal - meaning, if 200k was 20% ownership then it has to be more than $1M (20% of sales price)?

Multi-family properties often take longer to sell in my experience. 

Having a poor experience with a PMC prepares you with what to ask a new PMC. 

Im dedicated to learn this bisiness and gain the experience the right way.

Please share it.

Quote from @Mary Holland: I'd love to hear about your experiences and how they compare to other types of commercial real estate financing.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Quote from @John Underwood: Gas heat would require constant tank refilling and it would be very bad to run out in the winter.In my experience, if you have  325 or 500 g tank, you can top off in the fall and be good until spring.....Unless I guess you have a big house and are keeping it at 80d.... 

It’s all about finding the right lender with the experience in these types of unique deals.I sent you a message!