Dean Guadagni has been following all of the shenanigans, low-lifes and heartbreaks in the 1031 Exchange industry for about 6 months now. His continued vigilance to this topic has earned him a spot on this Friday's Nightly News.

It's 5:35pm here at Harper Team Blogging Central.

And Now for this Friday's Nightly News: If you are thinking of a 1031 Exchange or are already involved in one, we recommend hot-footing it over to Dean's Guide. Dean is doing a great public service in covering the 1031 Exchange industry. It's not pretty, but it is information you need.

Thanks Dean. Keep up the good work.

Dean likes to dance when he's not fighting grime. We caught him on the hidden camera in our studio.

The 1031 Exchange industry is an unregulated industry. Property owners interested in doing 1031 Exchanges need to educate themselves about the risks involved with 1031 Exchanges.

The biggest risk – losing all your money. There have been many cases of 1031 Exchange companies closing their doors and the principles disappearing with all of the money.

1031 Exchange companies make most of their profit on the float. While property exchange transactions are processing, the monetary funds are being leveraged by the 1031 Exchange company to produce income and profit.

All that money sitting around coupled with some bad decisions has led to ruin for many property owners when the funds vanish.

Dean Guadagni has a great series of posts over on his blog Dean’s Guide on the burgeoning crisis in the 1031 Exchange industry. Start with this one:

No Wonder the 1031 Advance Fiasco is Littered with “Dead Financial” Bodies!