I am a statistical arbitrageur.

I just sit back and smile when its boldly apparent what they are trying to do.

Steve Babiak good point, 50% sounds high to me but it's a hard statistic for me to gather because we're a velocity based note fund so the majority of our assets are resold.

I agree that its possible to succeed without a degree, but the statistics don't lie.

Not sure if this transaction would qualify for a 1031:http://www.1031corp.com/1031-exchanges-made-easy/1031-exchange-requirement/Originally posted by above link: ...Examples of non-like-kind real property that cannot be exchanged under Section 1031 include primary residences, “flips,” stocks, bonds, notes, mortgages, cash, equipment, goodwill, inventory and interests in a partnership.Emphasis (bold) is by me.

Better chance for IRS to try and classify you as a dealer which you don't want.Also, LLC partnerships statistically are audited much less.

I don't think these overall statistics are very useful.

I looked quite a bit, but the thread you mentioned had actual statistics comparing the two, so that's what I went on!

An Attorney friend of mine in Austin does more of these than anyone in the area and requires a several page addendum as well as a pre-closing conference to explain all the nuances and disclosures are even in bold and I am not sure this would be enough.

With some of our members now doing 40+ deals per year, I'm confident we can take more than just rookie investors to another level, and statistically, about 20% of the people who join our trainings at any level already have done more than 10 deals.Best of luck to you JoshR I'd love to hear about any deals you find in the area that we could potentially buy.