Hi, I'm Linda A. from Torrance, a city near Los Angeles, CA.I am a designer/manager looking to invest in a condo or single family near me.I currently own a 2-unit flat in Chicago and thinking about doing an exchange next year.

Im looking to complete a reverse 1031 exchange and purchase a single family residence for approx 1M.  

utm_source=search&utm_medium=internal&utm_campaign=books Before making your 1st REI purchase please visit the link below for some useful tipshttps://www.biggerpockets.com/real-estate-investingLastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

From the standpoint of rent, does it make more sense to (1) keep the tenant where she is in exchange for signing a 3 year lease, (2) bump her now but cap the rate for 3 years, (3) or go for another 1 year contract with bumps each year in line with the market?

Below are some quick links to get engaged on this site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketsLastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI. 

We are regulated by the Securities and Exchange Commission and are independently audited on an annual basis so must conduct our business strictly by the book so to speak...so yes, we are legit 😀 And yes, that is how our flow of funds work - bond sale proceeds go into their own account and then to our borrowers.

In exchange, you get paid either cash or equity in the property or both.For a 100-unit building, that is acquired, say for $6M, you can get paid a $60,000 (1% acquisition) fee - $10,000 cash upfront + $50,000 equity in the property.

Start paying taxes on the rental cash-flow or exchange the house?

I talk to people for a minimum of five minutes A lot of people disagree with me on this point: they say you should never spend more than five minutes with any one person in order to exchange as many business cards as possible.

I am interested in partnering with a plumber, electrician, HVAC, and general contractor and giving them each 10% ownership in each property in exchange for their work on the rehab portion of the strategy.