Yes I am sure we do have a lot in common. I’ve been a real estate investor all my life. More than half my clients are real estate investors. Several years ago I got involved in the TIC industry which real estate sold by stock brokers. I guess that is the best way to put it. From my perspective not turing out so well for most the investors. Anyway I ended up with a lot of those. I was so surprised a few years ago when I was at 1031 exchange conference and one of the speakers pointed out that it is pretty tough to get a 1031 to work for PA law. It was a surprise because I knew a few of my TIC investor clients had purchased a portion of properties located in PA. I was pretty sure and later verified that the sponsors of these investments didn’t know and didn’t tell the investors this tasty little nugget of information. Information which when the properties are sold will cost the investors $$ in PA state taxes
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