But the other owner also needs money from the exchange.

And each can do a 1031 exchange on their 25%.

And if you ever sell without an exchange before you die you’ll save capital gains tax on that amount.

Once you get hit with a $675 to $750 HOA the NOI will become more of a debt service coverage.I would sell and if you get hit with a tax just 1031 Exchange it into the new purchase.

The parties acknowledge and agree that neither party shall have any liability or obligation to the other with respect to the matters set forth herein unless and until a definitive PSA has been executed and delivered by both parties.ConfidentialityThe parties agree that all information exchanged pursuant to this LOI and the negotiation of the PSA shall be kept strictly confidential and shall not be disclosed to any third party, except as may be required by law or as necessary to obtain third-party consents and approvals.We trust that the terms outlined in this LOI are acceptable and look forward to your favorable response.

Sometimes I do it for an assignment fee, sometimes I do it in exchange for a listing, but there is tons of development and construction going on throughout New Jersey that allows for a great wholesale opportunity.

There is generally no recapture associated with the disposal since there’s no sale or exchange generating a gain.

The great thing about doing a 1031 exchange is that you have infinite exchange options.

Instead of investing in real estate, consider investing small amounts in a mutual fund or some other simple investment while you focus on increasing earnings, reducing expenses, and saving up for real estate investing.You can also network with other investors and find ways to invest your time in exchange for experience, maybe even a partnership.

When I finaly lost my patients with California tenant laws in 2015, I was close to Reno, and that market was still relatively cheap, so I bought 4 properties in a 1032 exchange.