On last Friday I began a new journey of a new apartment complex in Texas. This complex is a group investment (real estate syndication) that I sponsored. The investment is owned with no Debt to eliminate the main risk that I believe cost the previous owner the building. Too much debt! I will be bloging about this investment over the next couple of months as a way of communicating to the investors in the syndication and as a means to share my experiences with other investors who may be interested in real estate investing.
Monthly Archives: March 2010
An example of a multi-leg real estate exchange
Please see the file entitled multi-leg real estate exchange. This is courtesy of The Society of Exchange Counselors (SEC). You can find thier website at www.secounselors.com
Here is the link http://www.slideshare.net/ronseay/multi-leg-transaction-formulas or click the follwing link:
you can also download the pdf file from the mybox section on the righthand side of my blog. Just look for multi-leg transaction.
What is a multi leg real estate exchange?
What is a mulit-leg real estate exchange? It is a series of exchanges that allow you to take your real estate from where you are to where you want to go. How do you make something like that happen? With lots of flexibility and patience. You need to be able to move into assets that may not exactly fit your needs at this current time. They may not be the best fit for your long term financial plan. They may not even be in this country! They are simply a way to go from where you are to where you want to be. You need to be able to answer the question, “What else can it look like?” Have you heard the story about 1 red paper clip?