Can also look outside of real estate investments and consider oil drilling, can be a bit risky but has benefits against agi

., would be land, DSTs, oil & gas mineral rights, etc. 

Hi @James Lynch,As long as you did the 1031 properly and followed all of the rules, if I read this right - essentially you received $400K of profit from your sale, and then bought two additional properties for $400K.

The barrier to entry that is referred to is essentially non existent in Joel's model.

Also, be careful buying these in managed communities where they are essentially like condos.

We all have our lessons to learn, one of mine involved an oil spill -- talk to me about environmental clean up  : (    Again, thank you for naming names so that folks can steer clear from these programs and listen closely when other "gurus" make similar promises.  

You essentially just buy the property and wait for the checks to come in.NOTE: Be verrrrry careful about who you decide to do business with, and be sure to do your due diligence.

So, essentially I'm and accidental bird dog. 

In fact, I've done what is essentially this same deal as posted.The fee title needs to be transferred so asset is no longer part of the estate and in your control. 

Provide spices and basic meal-prep items, like vegetable oil so people don't have to go out and buy things to make pancakes in the morning.