Sounds like your agent wasn't experienced enough in the area.

There are DG's for sale everywhere.And you need to work with a very experienced commercial broker to help navigate.

What I decided to do was work in what I was interested in and it led me to be an experienced real estate agent specializing in wholesaling off market properties in PA region specifically Philadelphia and surrounding areas such as Montgo, Delco etc.

Insurance right now is wild, so I'd get a solid broker on your team - I'd be happy to share my contact if that would help.Also, aren't most of the existing insurances shared on the OMs for the properties? 

With the extension for tax filing to July 15th and the disruption that both of our accounting firms in each fund have experienced from the virus, everything has been delayed for tax filings and issuance of K1s to our investors.Most of our third-party team members are working from home including accountants, lawyers and our servicing staff.

The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!

From sourcing turnkey rental properties to finding long-term residents, and comprehensive property management, our expert team offers a full-service solution for a truly stress-free investing experience.

It's crucial to have a team that can provide both on and off-market opportunities, as Columbus can get a bit competitive.

It is entirely possible to self-manage with a strong cleaning team.

Expert GuidanceThe most obvious advantage of joining a coaching program is access to experienced mentors.