All Forum Posts by: Brad Hoover

515 Real Estate in Ankeny. They are a great group, hustling in the real estate world. 

@Ryan Hoover

Dave I didn’t clarify well enough, the “Farm ground” does not qualify according to our attorney.

I’m an agent in northern Iowa, we sent out mailers to owners of hog confinement building, informing them we have people looking for this type of property. The only snag for most sellers, is our attorney says you cannot 1031 from these buildings into farm ground. The buildings cost in the upwards of $750,000 now days to build new, 10 years ago they were $500,000. And they have been depreciated out, so obviously if they sell, they need a strategy to avoid huge tax burdens. Does anyone have any experience in situations like this? Or possibly direct me to some resources I can research myself? Thanks!

Thanks everyone for taking time to help out! At least  now I have a little better idea where to start.

Hey all Im looking at a multifamily building. Looks like it already has great cashflow, but the tenants are not on separate electrical meters.

What are the costs associated? What steps do you take to separate them?

Any advice is greatly appreciated, thanks!