Looking to connect with Drop & Swap expert - Real Estate attorney and/or CPA Looking to combine Drop & Swap, 1031, and TIC purchase.30,000 feet view--Ki and Daniel each owned their rental properties individually in their personal names-Ki and Daniel each sold their rental properties in their personal names and are doing 1031 exchange-Ki and Daniel decided to collaborate on the 1031 exchange by combining their funds to buy a larger deal for replacement asset.

Looking to connect with Drop & Swap expert - Real Estate attorney and/or CPA Looking to combine Drop & Swap, 1031, and TIC purchase.30,000 feet view--Ki and Daniel each owned their rental properties individually in their personal names-Ki and Daniel each sold their rental properties in their personal names and are doing 1031 exchange-Ki and Daniel decided to collaborate on the 1031 exchange by combining their funds to buy a larger deal for replacement asset.

., price is too high) so I knock it out pretty early on and it might not even cross my radar.An active agent or broker in the area who's working with clients probably has a better exposure to a lot of deals closing, and thus a lot of cap rates, than an individual investor like me who pre-screens a lot of deals and only does transactions for her/himself.As far as "applying a cap rate", you may already know this but in case someone else reading this in the future doesn't, what I mean is taking the net income (NOI) of the property and dividing it by a (somewhat-arbitarily-chosen, I admit) market cap rate to result in an estimated value.

The paid off one would cash flow enough to carry the others. ie, look at the whole pile of properties as a whole rather than needing every individual property to cash flow.

Since housing is fairly affordable in this area, individuals can find their own place without a shared space at a similiar price.

@Jacob Sampson as I understand umbrella is another layer on top of GL, though I don't have a GL, just looking for an umbrella as an individual who owns multiple rentals.

Just as many pro-STR proponents attended the legislative hearings as anti-STR folks, so it's a big industry here that individual homeowners are trying to protect.Happy to talk more about all this and answer any questions.Melanie

@Eamonn McElroy So, assuming her private lender is an individual, wouldn’t you agree that the instructions for the 1099-INT form states that “You are not required to file Form 1099-INT for interest on an obligation issued by an individual”?

I would need the test performed on an individual lot.

Stock and notes interest would most likely be considered passive income so you should be able to offset them.Always consult your CPA because there are so many rules that may be true for one individual doesn't apply to another.