All Forum Posts by: Alex Olson

@Wayne Tsang I would keep your two family home and refinance to pull cash out and buy another investment property. Or, I would sell and 1031 exchange in to a larger complex that you can leverage up for more cash flow. Hope this helps!

@Hank Stolz I would recommend starting with @Dave Foster who is a QI. Your tax person and your qi person do not need to be in the state in which you are exchaning in to or out of. So, I would go with a great QI tax person that can best help with your situation. They can be located in california, florida or somewhere else. Hope that helps!

 Simple rule is to show intent. If you buy something at a great deal and it cash flows for 6 months of so and then someone else comes along and offers you 3x what you paid for it, this may still qualify as a 1031 exchange. The most important rule is intent. 12 months+ is preferred. 

Just sent you a DM!

Great work man!

You can definitely exchange in to any type of real estate (but not a business). As long as you are buying for the same price or greater than what you are selling and you replace the same amount of debt that you have on it, you should be just fine to defer taxes. Hope that helps!

Sent you a DM. Tell them I sent you!

@Steven May Thanks! And congrats on your closing!

@Amna Malik Have you tried Exchange Bank? James Gray? I would give them a shout. I think they have a local branch close by and they are aggressive with their requirements (meaning that they are fairly easy to qualify). 

@Jennifer Gardner Have you considered investing in cash flowing markets like the midwest? A lot of west coast and east coast investors have sold their condos and other related smaller properties and taken the cash and put it in a market like KC, Omaha, OKC, Des Moines, etc...by deferring taxes and using a 1031 Exchange. We have helped show lot of people how to do that here into KC.