Leon Lee
Strategy on using 1031 exchange to buy a small MF
Hi, BPersI have a question on purchasing a Quad using my 1031 exchange account and wonder whether I could get some inputs from you all!I just sold two properties and put the proceeds in 1031 exchange accounts. The dea...
James Hiddle
Largest Fraud In History ($50 Billion)
NEW YORK (Reuters) – Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ...
John Festini
New Jersey
Hello everyone,For those of you who wholesale in NJ, is it illegal? I just had a potential seller tell me that it is, I haven't heard about it being illegal.Thank you
Sam Liu
Selling & Buying with 1031
I completed a 1031 exchange two years ago, but found the strict time limits made it difficult to find a good deal. It often feels like either selling high and buying high, or selling low and buying low. I sold one pro...
TJ Addison
Sophisticated investors in syndication
Hi all!
I have a long term interest in doing a syndication deal or two. In my initial research and education I have noticed most of the syndicates interviewed in podcasts and blogging only accept money from accredite...
Zach Plackemeier
Syndication, JV, preferred return?
I know I’ll ultimately be getting some legal/tax advice on this but I am looking to raise capital for essentially a fund I guess you would say. It will be 100% tied to RE but I want to offer investors a return of ar...
Davit Gharibyan
How bad can it get...
Last year I bought a 17 unit deal in a rough part of town. I was in a 1031 exchange period and pulled the trigger bit fast, lets just say.
When you visit the area, it doesn't look bad. The streets are fine, although ...
Veronika Von
Seller financing and 1031
Hey guys, i was hoping to get some answers in this particular situation. We got this property under contract with seller financing almost 2 years ago. Placed renter in there. Right now going through refinancing mortga...
Rami Santrisi
Buy & rehab last year, sell this year, what to do for taxes?
Simple answer might be: consult CPA / get one. I'm trying to see if there's a rule of thumb of sorts.I recently rehabbed a home late last year, and spent a lot of money doing it (it exceeds my income from my normal jo...
Carl Griggs
How would you handle a free house?
I have a parent that wants me to help them relocate from SC to TX. They need to slightly renovate their home before moving but can not afford to do so. It is owned free and clear. I am not going to put money into a ho...