Find someone who speaks the language of the father and ask them to translate for you.

I'm helping my father expand his RE portfolio.

Mostly those are the ones who have pie in the sky dreams of buying 50 properties this year yet have to borrow their 1st down payment for a hard money loan from their father-in-law.

She insisted that her daughter was not a druggie, but that her daughter would leave.Today, I received a call from the step-father of the tenant.

He is my fathers attorney (by coincidence believe it or not), my mentors attorney, and has closed on a personal property of mine as well as my 1st investment property. 

Now, granted, this is going back more than 40 years ago so there have surely been changes - BUT, much has not changed (my father still lives in the Poconos during the warm season).

I need to establish a base value for a property that was deeded to me by my father that I sold. 

I'm a father of 2 young boys and barely staying afloat,  It's time to get my family out of debt and into financial freedom.  

Can someone answer this Hypothetical question for me regarding 1031 and Taxes.ScenarioLets say my Father bought a property for 1,000,000 and Sold it for 2,000,0001031 Exchanged the saleBought two properties for 1,000,000 dollars each.Held the properties for one year.Sold me one property for 1 Dollar.Sold the other property for 1,000,000.QuestionsIs this legal?

I'm in the middle of a divorce, my original rental management company was my soon to be ex wifes father figure.