Lynn, unfortunately by receiving the proceeds in your name & not in an exchange intermediary name you violated the 1031 requirements.

I'm buying the property (but in another context, I'm really taking a loan at a really great interest rate) and will be exchanging, at my convenience, the collateral to another property that has the equity and cashflow to support it. 

utm_source=search&utm_medium=internal&utm_campaign=books Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Hi, I'm Linda A. from Torrance, a city near Los Angeles, CA.I am a designer/manager looking to invest in a condo or single family near me.I currently own a 2-unit flat in Chicago and thinking about doing an exchange next year.

Im looking to complete a reverse 1031 exchange and purchase a single family residence for approx 1M.  

utm_source=search&utm_medium=internal&utm_campaign=books Before making your 1st REI purchase please visit the link below for some useful tipshttps://www.biggerpockets.com/real-estate-investingLastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

From the standpoint of rent, does it make more sense to (1) keep the tenant where she is in exchange for signing a 3 year lease, (2) bump her now but cap the rate for 3 years, (3) or go for another 1 year contract with bumps each year in line with the market?

Below are some quick links to get engaged on this site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketsLastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI. 

We are regulated by the Securities and Exchange Commission and are independently audited on an annual basis so must conduct our business strictly by the book so to speak...so yes, we are legit 😀 And yes, that is how our flow of funds work - bond sale proceeds go into their own account and then to our borrowers.

In exchange, you get paid either cash or equity in the property or both.For a 100-unit building, that is acquired, say for $6M, you can get paid a $60,000 (1% acquisition) fee - $10,000 cash upfront + $50,000 equity in the property.