1031 Exchange Santa Barbara to Los Angeles

[Patrick Wilcox]

I've got up to $1,100,000 in cash from a 1031 exchange to purchase in a home in Los Angeles to live in and run my production company out of. We work with large brands including Adidas and Netflix, so having a functional and professional space with a large open floor plan is important. There will be employees coming and going on some, but not all days. www.colorways.tv

The top contenders right now are:

1. Downtown or Arts Disctict Loft.

2. New construction small Lot Division in Culver City/Mid City/ Hollywood/ETC

I'd love any help/guidance/ideas. Both when it comes to selecting and purchasing a property, as well as how to utilize the over $1,000,000 in equity I'll have after the 1031 is complete.

 In exchange for your time, I can offer is my skills/expertise/know-how on using video as a tool in real estate as an agent or landlord. Cinematic video is drastically under-utilized in real estate and is now affordable for any serious agent/investor. The introduction of the Black Magic Pocket Cinema Camera 4K, sells at an insultingly low $1300 for the camera body. It's a revolutionary moment, to a similar - albeit slightly lower - degree as the introduction of the printing press.

Thank you for your time!

[Wayne Brooks]

Well, you can’t 1031 into, or out of, your primary residence.....only investment/business properties.