The REI market in USVI is very unique as property values are being held down by economic pressures providing the opportunity for low buy in.Here's the link to the listing in case you are interested:  https://listings.coldwellbankervi.com/idx/details/listing/b3...

In conclusion, having a partner means sharing profits, but it makes the journey easier and more rewarding.Initially when i started getting into real estate I had a former employer who had become a mentor and then partner and I actually partnered with him on a deal that he had completely analyzed, vetted, took all the risk and held all the investment on and my role as 100% labor, while not the most lucrative on my end, was a HUGE learning experience and that was worth SO much more than any dollar amount that I could have made.But I'm definitely looking forward to working with more partners I.

Inventory has held around 5-6 months for most of 2024 so far, with roughly 15% more active listings on the market in the metro area compared to August 2023.

Another rule is that you can't get posession of the net proceeds which must be held by an intermediary, who is not related to you, not your attorney, not your accountant, and not a business associate of yours.I talked about Section 1031 on Bigger Pockets Podcast #82  

Or is it held by the title company?

Note it doesn't apply to you if you are an owner-occupant in a property between 2-4 units.Plus, make sure you've held the security deposit properly...if it wasn't a special interest-bearing account, there could also be ramifications for that.It may be in your best interest to let those damages go and consider switching to a "move-fee" to avoid the security deposit requirements.

I know on my new builds that are 700 to 1 mil I get 10 to 20k and normally its just held in escrow. it is non refundable once we start putting in custom colors etc.

Woody's business started at the time he purchased the 1st property or at the time he held it out for rent, because, in any event, the expenses in question here all occurred before the purchase date, i.e., before December 30If the earliest possible date investor was actively carrying on a trade or business was December 30, 2004, then any expenses incurred in that year but incurred “before the day on which the active trade or business” began, all the expenses incurred from January 1 through December 29, 2004--would be, by definition, start-up expenses whose deductibility, and possible amortization, is expressly dealt with by section 195 (Start up amortization).Court case for reference: Code Sec(s): 162; 195Docket: Dkt No. 30077-07.Date Issued: 04/30/2009Judge: Opinion by Gustafson, J.Tax Year(s): Year 2004.Disposition: Decision for Commissioner.

S8 is good because you are "guaranteed" getting your rent every month, they are held to standards that normal tenants aren't, you can get way higher rent, and more.

Lease addendum 2: No part of this agreement, or any deposits made to or held by the Landlord may be assigned to any third party.