New in Tulsa area

[Aaron Davis]

Hi everyone,

New to biggerpockets (found through Danny Johnson from flippingjunkie). I'm somewhat new to real estate having one "slow flip" under my belt, and another underway. I say slow flip meaning we lived in the house two years so we wouldn't pay the taxes on the profits. Have since learned the concept of the 1031 deferred exchange and may employ that in the future.

Main interests in rei is in the area of flipping, wholesaling, and rentals (did I forget to mention we picked up one of those in the process?).

Looking forward to meeting you all!

[Steven Hamilton II]

Originally posted by Aaron Davis:

Hi everyone,
New to biggerpockets (found through Danny Johnson from flippingjunkie). I'm somewhat new to real estate having one "slow flip" under my belt, and another underway. I say slow flip meaning we lived in the house two years so we wouldn't pay the taxes on the profits. Have since learned the concept of the 1031 deferred exchange and may employ that in the future.

Main interests in rei is in the area of flipping, wholesaling, and rentals (did I forget to mention we picked up one of those in the process?).

Looking forward to meeting you all!

@Aaron Davis ,

Unfortunately you cannot 1031 exchange a flip. It has to be held for investment, that means, rent/appreciation. Flipping properties is considered an active business.