He could also do seller financing and declare the income as it arrives.

The funds in this case were likely held in their individual name, and a death, bankruptcy, or other could affect the ability to close out and complete the 1031 exchange.The safety and protection of exchange funds should be of utmost importance, which is why you should always work with a qualified intermediary that has some sort of regulatory oversight; not just an internal audit or something, but real regulatory oversight with an outside, independent regulatory audit. 

To clarify, Mamdani has declared self a Socialist Democrat.

More than any other business, deciding to invest in a real estate syndication is a declaration of faith in the deal sponsor.In many ways, that faith far outweighs the faith owners of Tesla shares must have in Elon Musk.And Musk is a one in a generation entrepreneurial genius inventor.Like many seasoned real estate investors,I decided long ago that wealth-building was a life-long game of patience and perseverance.On both counts,a real estate syndication fails the test.Most syndicated deals have a hold period of 3-7 years after which the exit strategy involves selling.The few that attempt to hold on to the asset via a refinance run into uncooperative investors who demand their seed capital back for various reasons,often resulting into a compromise to either buy them out or risk a legal battle.The facts of the matter are very basic:if it's not your deal,you don't make the big calls.Conversely,if it's not your money,you don't get to decide it's final destination.Now there's a good reason I never got into the flipping niche either.I'm not a transactional guy.It always felt like slaughtering the hen that lays my eggs,and I love my eggs to bits every time they are laid.It's why I keep going back to the hen.In the end,we don't need 1000 units to achieve financial freedom,we just need a handful of well acquired cash flowing assets to arrive at that place of peace.With some patience and due diligence,most people can get there without sleeping with 75 strangers every 3 years only to end up with no portfolio and a bagful of inflation susceptible cash with little to no tax advantages.That's where we did not want to be in the first place.If you do succumb to the temptation and end up being one of the few deal sponsors that actually look the part and take care of investors' money like it's yours,do make sure you haven't "quit" one job that you hate just to work in another that is even more soul-crushing.Managing multiple syndicated deals as a good deal sponsor can be big business,and big businesses can very easily turn into time-devouring leeches.Covid has shown us all we are nowhere near capable of seeing 3 months ahead,let alone 3 or 7 years.An asset is only really worth what the next buyer is willing to pay for it,no matter how much "forced appreciation" we have projected to investors in a rent drop environment.When balloon payments come due,thou shall sell or refinance,and good luck refinancing if the LTV is suddenly inverted.When the pieces suddenly don't fit the puzzle in front of us,the sinking feeling in the bottom of the stomach can be incredibly gut wrenching.Be careful.A voice in the wilderness,Jacksonville FL.

Often found among the newly divorced; previously foreclosed on; those having filed bankruptcy; those having changed careers and been at their new job less than 2 years; those with an unreliable income.  

Remember, they can always refer themselves😊Use one of the ideas below to trigger who they know that they could connect you with:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcPutting this in OVERDRIVECreate a spreadsheet (Excel or Google Sheet) listing everyone you can think of that would recognize your name or face.

Most S8 tenants have a history of bad decisions, often having convictions, evictions, bankruptcies, chargeoffs, collections, garnishments, etc.

Business Cards "A" Frame Signs Non Owner Occupieds Paper Signs on Poles Join Community Organizations Hire a Sign "Flipper" Bandit Signs Church Small Groups Hard Money Lenders Door Hangers Sponsor An Event Developer and Builders Hand Outs Charitable Donations Mailmen Flyers Charitable Raffles Your Competitors Title Companies Host or Co-Host a Charitable Function Local Employers Closing Agents Hold a Free "How To" Seminar Rent to Own Stores C.P.A.s Booth at the Home Show Referrals Attorneys Fliers to Weekly Hotels Your Existing Occupants Property Managers Put Up Signs on Your Properties Have Your Voice Message Urge Caller to "Tell a Friend" Financial Planners Ads for Other Properties Free Publicity Financial Advisors Join the BBB Sponsor A "Food Truck" with Your Promo Info Insurance Salesmen Bankruptcy Filings Pay for an Ad on an Ice Cream Truck Investors Court Filings Write Articles for Papers Your Contractors Probate Interviews for Radio, TV, Newspapers Your vendors New Baby Announcements University Bulletin Boards Door To Door Mail to Landlords List on Fizber.com Free Gift Offer Signs at the Gate to an Army Fort Weekly or Community Newspaper Ads Apartment Complexes Signs at the Gate to a Sub Division Bulletin Boards At Safeway/Albertsons/Krogers Mailers Hire a Student To Hand Out Fliers Minor Newspaper Ads FSBO.com Promo Material - Calendars, Notepads Newspaper Weekend Ads Magnet Signs for Your Cars Co-operative Advertising Real Estate Magazines Flying Banners Craigslist FSBO Magazines Trade Shows Website FSBO Signs in Yards Festivals Bus Stop Signs Restaurants Fairs Adopt a Street Sign Restrooms Balloons Laundromats Mail Centers Movie Theater Commercials Car Washes Billboards Rent a McDonald's Sign Auto Shops T-Shirts and Hats E-Mail Blasts Google Ads Twitter Radio Ads Expired MLS Listings Sponsor a Sports Team Free Information Report Open Houses Real Estate Agents Probates Pre-foreclosures Loan Officers

Same thing in bankruptcy court.

If Sunnova drags their feet or ignores you (which, given their bankruptcy, is pretty likely), you’ve still got options.