Steve is referring to a drop and swap where the LLC (partnership) is converted into a tenant-in-common structure by deeding (dropping) the real estate out of the LLC (partnership) and into the individual's names, holding for at least 12 months to be safe, and the completing a 1031 exchange (swapping).

Hello,I purchased his e-book about wholesaling, which was actually a pretty good read, and one that I have used to set up my own program of marketing.

I really love real estate, I've been studying and looking at REI books for a good 5 years, and I like the prospect of working in the business.

Read books, attend club meetings, speak with mentors, and work with professionals who have a proven track record!

Less painful than 'doing' but still costly ('cause you've got to read as many books as you can afford).

From a “book value” of $84 down to $2 less than a week later.

I bought a big home improvement manual at Lowes and followed the instructions (and pictures) in the book.

Everyone should read the book The Weather Makers, before you draw your own conclusion.

Is there any books, investing clubs in LA, or siminars that you would suggest to a newbie with basic knowledge.Im intrested in commercial investing, rentals "condos or apartments", and small shopping centers or office buildings.Any help would be greatly appreciated.Thanks in advance,gerald

Hi all,I've been a REI for about 3 years now and have finally decided to make the leap and do more deals (the last time I made a deal was 3 years ago, when I started).I've been re-educating myself (books, web) for the past few months and wanted to join a club, meet like minded individuals and learn more from those that are DOING rather than DREAMING.