I believe it was made clear initially this was exempt, open to accredited investors only, etc:If you have searched the SEC Edgar database for an apartment LLC syndication and the syndicator, and you cannot find them listed, it could mean several things:Exemption from SEC Registration: Many real estate syndications, particularly those involving apartments, may be exempt from registration with the Securities and Exchange Commission (SEC) under Regulation D of the Securities Act of 1933.

I’ve only done one exchange.

I've mostly seen people work with flips to get some cash together and get into their rental business.Seller financing can be a godsend in many cases, even if you end up paying a little more, it keeps you from relying on a bank, which is dangerous unless you have a good relationship with a local bank, especially in today's financing climate.As much as I hate flipping single-family houses and duplexes, a few flips can give you enough money to exchange into a property that you want to hold.

[Note: There was a law that was to treat rental activities as a "trade or business" for Form 1099 purposes only, but it was repealed by by the signing of HR 4 (Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011) on April 14, 2011.]

wether it be gold/silver other precious metals and stones, foreign currencies, stocks, investing in a small company, running your own business, how are you guys making your money outside of the 9-5 and real estate investing?

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.

Would you like to do a link exchange?

@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.