Quote from @Dmytro Shcherbitskyi: Hi everyone, I’m planning to syndicate my first real estate deal and would love some guidance. 

I just bought my first rental property in Baltimore, MD, and I’m planning to rent it out by the room, including the basement.

I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now, should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1031 that can help me?!

Quote from @David Epstein: I everyone, I know this is an older thread, but I'm also now getting into properties in the Albany area and am in need of a CPA with real estate tax knowledge for advance planning.

It would cash flow nicely.One item to plan for from the beginning is the exit. 

I'm curious when you were planning commissioner, how long did these land swap deals take to hammer out?

What happens if you lose on it, you now have an additional liability, not just a loss of money.Are you planning on keeping the current property or exchanging it (1031) into something else?

Instead, focus on learning their plans, challenges, and openness to selling.5.

If I have several options, I would prefer a HELOC with no initial draw requirements (i.e. to establish a literal line of credit that I have no specific short term plans to use), i.e. not something like the better.com HELOC. 

I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now,  should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1031 that can help me?!