I've had countless conversations with heirs who spent a long time trying to figure out how to make money off of land or buildings, but without experience, and never got anywhere a year later.

Hello everyone, I am selling an apartment building in California using a 1031 exchange (to buy property in the Midwest) and am wondering if I can use my passive loss carryovers and disallowed losses for that property to offset any boot because I am planning to use the cash pullout as reserves or repair money for when the replacement property is vacant. 

And I am looking to be the borrower but I don't want to get any private friends or family lenders in trouble. 

Still analyzing every day but having trouble finding deals that cash flow after rehab, especially with the property taxes.

However, I feel like there's a lot of potential to run into a lot of walls/pitfalls that can cost a ton of time/money if I do this route.At the end of the day, I want to put a lot of emphasis on using the newest technologies to streamline the business as much as possible. 

Less money out of your pocket.2.

For me, I see a renovation as an opportunity to put in the right amount of money right away.

If you are looking to raise money from RIA’s and registered reps you will need to have one of these reports.

I use the Zelle app to collect upfront money from tenants and it is instantaneous with no take backs but it is not automatic so I doubt you could set it and forget it.

When you sell, how is the money divided up?