RISKSPrivate Letter Rulings There are three (3) Private Letter Rulings (“PLRs”) that address this 1031 Exchange structure, which are as follows: Private Letter Ruling Number 2014-08019Private Letter Ruling Number 2003-29021Private Letter Ruling Number 2002-51008PLRs can only be relied upon by the individual taxpayers that requested the PLRs.

Private lending using retirement funds is my personal favorite (I've done a few dozen loans like this) for the following reasons: passive, low risk, and high returns.

David thanks for asking follow up questions.

Under "Start a Business", choose "Limited Liability Company" and follow the directions.

Curious thoughts on the following scenario.Current SFR with $51k loan at 8.125%, just purchased with around 10% built-in equity on the property, $250 monthly cashflow (post expenses).

So far I’ve gotten mostly local businesses and a few colleagues that are following me.

Try to be strict with your application and underwriting process.

Reliable and ConsistentThey show up when they say they will, stick to the schedule, and follow through on their promises.

Did you follow or attempt to follow everything on your end such as inspections, etc and were stymied?

A couple of follow up questions. 1) After the 1031 exchange, and then after the follow on 721 contribution, I own an interest in a partnership held by the UPREIT.