Hi @Jeff Flynn, thank you so much for your response!

also we do not know what is going to happen with int rates, they are very high now, the economy is not good and it is not certain they will be coming down this year. we know there will be more responsible gov spending, so maybe rates will come down, no way to know...I think you need to know the market where you plan to buy well, and go from thereBest of luck

s post and Dave Foster's response cover the options concerning 1031 exchanges.

I have no w2 job, a lot of toys (need to get a plane), can do what I want, can assist my son to find his way in life (he is leading his 2nd rehab) and if I wanted I have generational wealth (I have given away a lot money the last few years).  

@Jason Wray Thanks for your response!

He likely needs to stay where he is, save up money for a downpayment on his own, and buy when HE is ready.He's not ready. 

@luke Carl sold his hot rod, I sold a bunch of guitars and a rare Marshall silver jubilee 25/50 amp (just like slash played on appetite for destruction while we’re talking about GnR.

@Jon Martin What assumptions are you using to state that he can make ‘far more money’ by pulling his money out of an IRA and investing in real estate?

Any tips tricks or otherwise when presenting to potential partners would be immensely appreciated.

I remember the story of the Zillow CEO when he sold his house in Seattle for about 40% less than the Zestimate.