NO, if you know how… - Posted by ken in sc
Posted by ken in sc on January 11, 2001 at 07:52:59:
I have a course by John Schaub that is just on 1031’s. It is extremely good and I have personally done 3 exchanges, all delayed, using his paperwork. I did not pay an attorney (although my closing attorney’s spouce is a CPA and looked over the closing statements). I did pay an accomadator, but rather than hire one for $1,000, I used a friend of a friend who had no experience. But since I had all the paperwork and knew how to do it, he did not need any experience. He was glad to make $500 for coming to 3 closings (I exchanged 1 property for 2) and opening a savings account.
I would say that the main reason to go this route is to learn. By the time I finished my first exchange, I was well versed in the rules and forms. In fact, I now market myself as an accomadator (since I know how easy it is) to other investors in my local club.
If you want info on John Schaub, email me for his web address. Nothing in it for me, but I have found his courses interesting and informative.
Good luck! Ken