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Updated over 10 years ago,
Wholesale profits = Down payments?
Those of you guys that have been at this awhile talk to me.... Is it a bad idea to use wholesale profits to pay for down payments on rental properties. Obviously one would need some cash reserves ICE. But are there any reasons why this is a bad strategy to employ? I heard about it on one of the podcasts. Could you roll over wholesale profits to a 1031 so you don't have to pay capital gains? Who has used this strategy?