Or next meeting is Feb 20th, and we have some guest speakers coming to talk about DST investing and 1031/721 Exchange 

., commissions, fees) and consider a 1031 exchange to defer gains by reinvesting in another property.This post does not create a CPA-Client relationship.

The key is by leveraging OPM (Other People’s Money).Do you have private money lenders in your circle who might fund the deal in exchange for equity or some interest?

Maybe we can exchange insights and strategies to help each other navigate the challenges of getting started.Looking forward to staying connected!

I'm currently planning to purchase a commercial multifamily building in Chicago with the proceeds of a 1031 exchange.

If yes, am I eligible for a 1031 exchange even though I claimed the home as my primary residence when it was rented? 

In exchange, I have first rights to sell the property through a power of attorney. once it sold, the seller get his agreed price, and I get the rest.

Make it your business practice to post the notice to pay or quit precisely on the day after the grace period ends, every time.

Quote from @Patrick Albright: You could look at doing a 1031 Exchange to avoid any tax hits this year. there is no tax. 

Ask questions to find out about their reasons for selling, desired next steps (i.e. relocation, 1031 exchange, etc.), and anything else that is important to them.Ask follow-up questions to dig deeper and learn more (without being too intrusive) then jot down any relevant notes so that you can reference them down the line during your follow-up calls.