I am an 18 year old college student at Mississppi State University.

I have signed up for the classes you have suggested at Chicago University.

Has anyone heard of Nouveau Riche University?

It's in a major city near their university.

Hey everyone, I'm Jules, this is my first post. I'm a college grad exploring Real Estate as a full time career. I've learned so much from this website already... thank you all... I will recommend it to my friends.

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Remember, every 1031 exchange has contract language stating that the seller agrees to participate in a 1031 exchange as the deed, HUD etc. will be in the QI's name not the buyer's.

Income taxes due from depreciation recapture can not be deferred into the following income tax year and are due in the taxable year in which the Investor disposed of (sold) his relinquished property.It will depend on whether the Tax-Deferred Exchange Agreement used by the Qualified Intermediary for the Investor’s tax-deferred like-kind exchange transaction includes the required language contained in Section 1.1031 of the Department of the Treasury Regulations prohibiting access to the 1031 exchange funds until the following income tax year.The ability to defer the recognition and reporting of the taxable gain into the following income tax year depends on when the Investor has the right to obtain access to or receive the benefit from his 1031 exchange funds.For example, if an Investor disposes of his relinquished property as part of a 1031 exchange and the relinquished property disposition closes on December 1 of any taxable year, the 45 calendar day identification deadline and the 180 calendar day exchange period are both in the following income tax year.

In our city, a university town, the best and closest neighborhoods can get from $1150 to $1500 for a group of students.

I am sure my "newbie" language is probably quite annoying.

To me the answer would depend on how easy it is for you to get financing for REI (assuming you want to get into it) and how much it will cost you to go to university/college.By both going to college and REIing with your 200k you will have a balanced portfolio.