I’m doing what’s called a 1031 exchange.  The tax code allows you to take the proceeds of a sale and re-invest it to avoid taxation on the gain of your real estate investment.  Well, I just sold my commercial condo and need to identify a home by mid-October.

My goal is to purchase personal property in a variety a ways so I can best help my clients.  So far I’ve purchased:

1.  New from a builder

2.  From a lender through a short-sale

3.  From an owner through assuming an existing mortgage

4.  Currently conducting a 1031 exchange

Maybe my next purchase should be through some type of auction.  Ebay anyone?