What if we took another $10,000 off the price and in exchange we can let your tenants paying $2500/month stay another 3 months.

While not a big thing, it makes it a little harder to precisely point to a piece of data under discussion.ConsOne hopes that the changes prove beneficial to mortgage borrowers.

I'm working from a 1033 exchange, I have a significant down payment, owner willing to sell two great cash flowing commercial properties and will owner finance part of the deal. 

Add the time and the legal issues of wholesalers/no money down deals, and in my opinion, it is easier and more lucrative to skip the no-money down investments in exchange for the low-money down investments. 

One thing you want to mention to them is what value you can bring to their investing operation in exchange for them mentoring you. 

Lets say you use 100K of capital gain to buy a 100K rental property using a 1031 exchange.  

I would think of getting a nice cash flowing property and then visiting a country that has a killer exchange rate: Czech Republic or Thailand come to mind.

If your intent was to flip the property then you did not have the intent to hold it for investment purposes and it wouldn't have met the qualified use test or qualified for 1031 exchange treatment.

I would agree that, based on my reading of that particular statute, it does limit (only in Ohio) someone's ability to act as a POA in the exchange of real estate.However, based on my understanding of Contract Law and fundamental concepts of Common Law, were this to be challenged *as applied* to how a lot of wholesalers operate, I would wager that this would be smacked down by either the State's Supreme Court or the Federal Appeals Courts.What you need is *case law* to support your claim.

Hi BP1031 EXCHANGE @Bill Exeter I have have read most of your posts about 1031 exchange.