A principal residence does not qualify if it was purchased in a §1031 exchange within the previous five years.In essence, the Treasury has declared that if an owner lives in the residence long enough to meet the principal residence requirements, they may then convert the house into a property “held for investment†which can qualify for a §1031 exchange.

Buffet states 'Firms will include money that's waiting to be deployed, such as funds sitting in Treasury Bills, when charging management fees.

hey Drew - there was a link provided on a different post, this may be helpful for you:http://www.nj.gov/treasury/revenue/gettingregistered.shtml

I am a professional poker player in LA and had some connections through Hollywood Park Casino (The site of the new LA Rams and the large development) that gave me inclination to invest there.

Just because interest rates are at all time lows, there is still a benefit to sellers because they are going to charge well above 2 year or 10 year treasury rates.

Priscilla i like the downtown area especially since it has a casino.

The downtown area near the casino, falls is located in one of the most scenic areas in US, but almost a ghetto.

I personally was out there gathering information and documents regarding raw Oceanfront property (with permits in place for Hotel Casino and Resort), Acreage for agriculture development (Puerto Rico is blessed with very Fertile Soil), some shopping centers in urban areas and 2 private islands that a broker wants me to help him market here in the States.

They can still exert considerable pressure on interest rates generally, even though things like commercial debt are based on the 10 Year Treasury, which is driven by the bond market. 

Blackstone Group, a multinational private equity investment firm owns more than 10,000 homes here in Las Vegas as well as many of the Hilton Hotels, Cosmopolitan, and in contract to buy the SLS Hotel and Casino.