Simply buying "cheap" properties with good looking numbers (on paper) can be a recipe for disaster for some, especially if they don;t know what they're doing or lack experience as a real estate investor. 

@Kevin Lewis, If you're simply asking if you can buy the property in 2016 using a 1031 exchange the answer is no.  

All,I wanted to get peoples opinion on real estate values in Chicago being to high and it might not be the best time to enter the market to purchase my first investment property.I see prices close to pre real estate bubble values  from 2007 (IMO. unless someone can prove me wrong). 

There is a separate enterence to the laundry in the basement.

The investors or operators who advocate wholesaling as taught by these guru methods of assigning contracts as a business model enter the arena of facilitating real estate transactions without a license, tortuous conduct and predatory dealing simply because they follow bad advice.

This work is simply amazing!

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, 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.

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

During this period the debtor must obtain consent by the Trustee to enter into any financial contract that presents a liability or in acquiring any equitable or legal interests in other property.Bottom line, the court will allow the debtor to enter into agreements to expense funds for the necessities of a debtor, leasing a property at fair market rent, buying food, clothing, having a car repair or other costs of living.