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Updated over 6 years ago on . Most recent reply presented by

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28
Posts
12
Votes
Rosie Geller
  • Dallas TX
12
Votes |
28
Posts

Just flipped first property! Gained 60k+

Rosie Geller
  • Dallas TX
Posted

Okay, so i've just flipped my first home and obsessed with your podcast! Im the idiot that spent 43K on "coaching" that NEVER existed which BTW is "Success Path Tarek and Christina's HGTV Flip or Flop GARBAGE AND SCHEME" I am from Dallas TX and focus on Financial Services by day. Recently bought a property for 95K put 40K into it and sold for 195K. I had an awesome win! BUT, I really want to be in the Multi Fam space and decided to 1031 exchange the money.  I took 25K cash out and let 52K in an escrow account. What would you do next with it? I am in dyer need of help. @Brandon Turner

Most Popular Reply

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42,841
Posts
63,188
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,188
Votes |
42,841
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

you cant 1031 a property you bought and intended to flip..  you may want to consult with 

@Dave Foster

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JLH Capital Partners

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