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1031 fund like Hughes Capital
According to Greg Hughes, Hughes Capital buys and manages low-end rentals. Investors receive a % of total profits. You can buy some of their houses to satisfy your 1031 requirements but still receive the aggregate %age. Has anyone invested with them or a similar 1031 option?
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we invested in one of their funds and found that it was complete fraud. (please see my other post). We sued them in Texas and got part of our investment back. The fund we invested in was a Ponzi scheme because they were using our principal to pay dividends to others