Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.
Sunday, February 25, 2007
1031 Reverse Exchanges
The investment properties market moves fast. You are at a disadvantage when competing for property when you have to write offers contingent on the sale of another property. This is typical in a 1031 exchange when the relinquished property is either "in escrow" pending a closing or worse - not on the market or sitting there without offers. Buyers who are writing offers contingent free will have the upper hand. This is especially true on very well priced or attractive property. The reverse exchange can make you a contingent free buyer. There are hoops, yes. When have there never been hoops? And it costs more, sure. The benefits can be significant though.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment