I read about a 1091 exchange and if i reinvest my money into another property within 6 months then ill avoid paying the taxes on it. is this a good plan, if not do you have any other suggestions.  

I just completed a 1031 exchange where I sold a home in east county in an hoa to do a 1031 exchange and purchase a multlifamily in South Park of San Diego which has room to add 4 more units.

@Arthur Savery, This can be a great game plan called a diversification exchange. 

Do we need to go through the whole condemnation process to qualify the transaction for a 1033 exchange?

I have a couple of funding options on the table and I’d love to hear your thoughts:Funding Approach: I have capital partners who are willing to fund 100% of the project in exchange for 50% of the profits.

In exchange, I have first rights to sell the property through a power of attorney. once it sold, the seller get his agreed price, and I get the rest.

A 1031 exchange would use all of the tax in the purchase of your next property.

paid cash from a 1031 Exchange How did you add value to the deal?

I’m excited to exchange ideas and see where we can take your portfolio!

I'm currently planning to purchase a commercial multifamily building in Chicago with the proceeds of a 1031 exchange.