Most of our properties are in Cecil County, but some of the investors who attend are also in Newark/Wilmington Delaware area.

You would have to structure it using some sort of disregarded entity structure such as a tenant-in-common (TIC), Delaware Statutory Trust (DST) or Land Trust where by the entity is disregarded or ignored for tax purposes and the investor is treated as having acquired an interest in real estate in order to satisfy their 1031 Exchange transaction.

I am located in Delaware and PHI and BAL have my attention.

Some states (Nevade, Delaware, Wyoming) have significant tax advantages...so I was considering incorporating there.

Anyone buying in Wilmington, DE?

Here's the podcast:http://www.biggerpockets.com/renewsblog/2014/04/10/bp-podcast-065-creative-investing-wendell-de-guzman/Also, you can learn a lot by following my weekly business update where I share with BP Nation what's going on with my real estate business.

@Elizabete De LimaWelcome to Bigger Pockets!

@Peter De BearWelcome to Bigger pockets.

3000 dllrs of rent  in a property worth $150 k Us dllrs o 500 millones de pesos, i bet is imposible, may be 1000 dllrs o 3 millones de pesos, those are the real numbers.

(Remember that you can take 100% bonus depreciation) Depending on your expense amount, you can also elect to expense it under de minimis safe harbor.