Hi Dianna,There is no clear cut guidance, but we recommend that you refinance and then wait at least six (6) months prior to beginning a 1031 exchange.

With the timber thing, they can cut it all as stated above, or sort of thin it out.

I spent months looking for the right deal, long story short he went to look at the property and cut a deal with the widow who owed it.

Older buidlings can have some major plumbing issues and pretty much you have to replace, or fix something constantly which really cuts into the cash flow.

Put simply, if you purchase five $100.00 liens at 6%, your return is $30.00.

i'm not saying don't go out with your girlfriend or whatever - i'm simply saying, don't limit yourself to just your job.

Sure, you will have a steady supply of listings, but the will ask you to drop your commision up front, and if a buyer comes in lower than expected on a purhcase price, the selling agent is typically the first comm to get cut.

You simply have to make enough offers and someone is bound to bite.The way you do that is you decide on what you plan to get into.

Agents can only act if they are working under a broker, and then of course, the broker will want his/her cut...

To get you going, it would simply take too long to spell out the ins and outs of commercial real estate in one post.