Their experiences could offer valuable insights and strategies to help you navigate the market.Good luck on your journey! 

They also didn't get hit with capital gains on the entire purchase price, which enables them to keep more of their money. 

Thank you all for the insight!

They can give you more insights to accurate rent, tenant preference and etc.

Happy to share insights and compare notes!

Hi everyone,I’m exploring options to refinance a multifamily apartment property and would love insights from those who’ve recently navigated this process.

@Jay Hinrichs might be able to give some insight.

My advice would be to start small with your first deals to gain experience before scaling up.

Talk to a top commercial agent for more insight...

However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.