Hi @Jeff Cantrell, Yes, once you have closed on the acquisition of the new replacement properties it is too late to structure a Reverse 1031 Exchange transaction. 

So therefore we're plannig to go with a single family home, but thinking to turn the garage into an efficiency and rent it out, I don't know if this is illegal, or is there any other recommendation?

The biggest issue is we have to close BEFORE 10/4 which is very tricky on our timeline -- otherwise the state will sell the property regardless of our transaction 

@David Geiger If your agent represents both the buyer and the seller in the transaction their firm will receive the whole commission and the agent receives the portion of the split she has agreed upon with her broker, in my area it is 50%.

Hello people of BiggerPockets!
I am a new homeowner. The rental apartment I just moved out of is in Los Angeles county, where California law requires that a landlord returns a security deposit (or provides an itemize...

Stewart Title in North Ogden Utah will be closing this transaction.

There is wording in the lease regarding guests of the tenant not doing any illegal activity on the property, so there may be grounds to evict but I'll check with the attorney first.

hi new to the market i have a couple of questions, Are there any successful on market assignment transactions?

@Jon-Michael Cortez-Alonso not sure how this will play out for you, but every legit lawyer I have met won't touch wholesaling...attorneys only get one license and when you knowingly draft docs that will be used to mislead consumers and ultimately result in brokering deals without a licenses...well...There are probably a bunch of bottom of the barrel lawyers you can connect with to get the docs you need.And yes, brokering deals without a license is illegal in nearly every state in the country...

Lessons learned: even though the community owns the lot this transaction is still treated as a home and landChallenges: ensuring we stay within the guidelines and laws for the process Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?