All Forum Posts by: Donald Howaniec

I am looking to start building new homes myself. I have done flips and rehab/hold. I am a carpenter with some new construction experience, mostly additions.

 I'm in the evaluation stage now.

Thank you to all. I am referring to a Delaware Statutory Trust by the way. One other question: I believe that these are either 50% equity or 100%. Am I reading that correctly?

This is in conjunction with an earlier post regarding the sale of my property in Chicago and the purchase of a property in the Indianapolis area. I have been researching the 1031 exchange process and have come across the DST. What is your experience with these. How long should I expect my capital to be tied up? They look like a good option if I can't find another property. I would prefer a cash flow but can I expect appreciation also?

The property is located in an area that is gentrifying and I believe the values will be increasing. Also I have sold all my other Cook County properties for several reasons: Cook County taxes, eviction courts. Also yes, I would prefer to be  close to my properties as I do self manage for now.

I am looking for property in Indianapolis  to complete the exchange. I could be wrong but I believe I have to name properties for which I will be purchasing with the proceeds from my Chicago property.

Thank you to all.

Thank you 

Thank you 

I currently own a 15 unit apartment building on the southside of Chicago. I will be moving, Lord willing, to the Indianapolis area in the next year. I am looking to do a 1031 exchange for something in Indianapolis. I am looking for a realtor or perhaps a seller to help guide the process in Indiana. The property is not listed yet nor is it posted on Bigger Pockets. Looking for direction there also.

@Arlan Potter

I agree. I buy used appliances for rentals. People are always upgrading and there are people who deal in used appliances. I would never buy new for a rental. Especially a cheap rental.