Technically, math wise they're absolutely correct.

@Seo Hui Han,You certainly can 1031 exchange from your current commercial into a multifamily; no technical issues there.To speak generally, multifamily properties tend to have more stable cash flow but lower income potentials than commercial.

I consider myself small potatoes in terms of property management: I just got my first two units in March and I am technically a property manager in that I am managing my properties that I bought; I haven't yet worked with clients or made business arrangements outside of my own interests.

Would love to learn about pain points from other property managers.So I have a career background working in software and am currently applying simply builds to common monthly tasks such as sending, receiving, and logging payments for rents.

If what they put down meets your qualifications, send them a link to run credit and/or background check at their cost.

However there are some areas of southern mesa that are in Gilbert school districts but are technically Mesa so they have better prices.

I posted a few deal diaries on Reddit and got 3 client leads all were complete junk, one I swear I heard his mom yelling at him in the background during our call, another was talking about building a huge portfolio of rental properties when had $0 in savings.

Once the IRA account has been opened and funded you would bring the operating agreement of the LLC you established to your custodian and fill out a purchase authorization- since, technically, your IRA is investing into this LLC you have created.

v=QIjJ9gUN_KUJust to add: this investor is from a humble background, not rolling in capital lol.

I do have a background in real estate- residential sales, new home construction, and short term property management.