All Forum Posts by: Robert Hetsler

Thanks.   He does not care about the square footage on the purchase and I did not see that option when posting like I have when I have tried to sell property.  However, I will check a little closer as I have another one to post

My clients needs to find something in the commercial retail or office space.  He needs to spend 2-2.5 million and it needs to be anywhere from Jacksonville to Titusville and everywhere in between.  if you have something that meets that criteria, please let me know.

As always, please keep in mind that I have a page within my website where agents can list on market or off market properties as we have many clients that need to spend money nationwide and these are both retirement (IRA funds) and 1031 funds so please feel free to email me or visit my site and I can get them listed at no charge.

@Dave Foster is correct as usual.  The only addition I would add is that if securing a loan for any reason is something you feel is impossible, I have heard of a group that is very forgiving of past issues should that even be a factor.  The better part is that they focus on the 1031 industry and they are in the 6-7% range and only charge one point so the loan terms are very good as compared to some other groups I have seen in the market place. Let me know if you are interested in an introduction, I am happy to do that if you simply email me directly at the below contact information.

yes you can and @Dave Foster can handle them, like me, in all states.

I am not familiar with that requirement as the replacement property does not have a ceiling on it.  It sounds like you might be referring too one of the three available replacement property identification rules which allows you to identify any number of properties as long as the combined value of the identified properties does not exceed 200%.  Make a little more sense.

you can use the proceeds to purchase two different properties and to secure the full 1031 Exchange Benefits, you need to ensure the combined value of both properties is equal to or greater than the relinquished property, less reasonable closing costs, which does not include the payoff of a mortgage.  I hope that helps

no that is a very common approach and one I would and have used myself

I am an intermediary, a forensic accountant and nationally certified business valuator as well as a Chartered Merger & Acquisition Participant.  Further, I have a law degree and a a licensed CPA, Personal Financial Planner and Real Estate Agent so please feel free to call me as I would be happy to answer to come questios.  I am I the office all day tomorrow

you can use cash from an unrelated transaction or from anywhere really and reduce the mortgage requirement dollar for dollar to the extent you have a mortgage requirement  I hope that provides some help

I would be happy to assist if you need something last min