Others will say it is better to rent now and build up your cash reserves by investing and exchanging up until you have enough extra cash flow to buy the home, car, boat, or vacation home you want to own.

I call that concept "Trading Up" where you implement the monopoly strategy of exchanging houses for hotels, or in your case - condos for houses.

I will pay legal fee's to draw up our wager!

Would you like to do a link exchange?

Ralph says, “Now, I’ll bet you two thousand dollars that I can bite my other eye.”The auditor can tell Ralph isn’t blind, so he takes the bet.Ralph removes his dentures and bites his good eye.The stunned auditor now realizes he has wagered and lost three grand, with Ralph’s attorney as a witness.

@James DestefThe thing you need to be careful about is offering investors the opportunity to invest in a loan, especially one with fractionalized interest, is offering a security as per a ruling by the Securities and Exchange Commission.As a securities offering, the securities offering must be registered with the SEC (cost prohibitive) unless qualifies under one or more exemptions.The reason the fractionalized offering works in California is that one type of exemption is an intra state offering, where the property and the investors being offered an opportunity to invest are all located in only one and the same state.

But this house had some issues that retail buyers wouldn't want to deal with (knob and tube wiring).This investor was utilizing a 1031 exchange program.

At this point I would like to take advantage of a 1031 exchange, and reinvest this into a multifamily property (2-4 unit).How long do I have to rent out the old single-family before it is eligible for a 1031 exchange?

We are both into this and are looking for people who simply want to meet to exchange knowledge.

Additionally, I will be in Jax this weekend, if you have any flips or admin work going on and need help, shoot me a message, I would be more than happy to work for free in exchange for the experience.