All Forum Posts by: Christopher Andujar

Hello @Jeff S. 

If you listen to podcast 109 they speak about this topic. Very interesting stuff on there and various ways to protect yourself from anything.

In the podcast Scott speaks about a "Series LLC". Very interesting. He also gives tips on how to protect yourself even more. @John Chapman 

@Bill Exeter yes i remember now. It also said something about if you do not want to be taxed on that amount you would reinvest it all and then use a cash-out refinance on the new property. 

Is that correct?

I believe i read that somewhere on the forums. May be wrong. I would speak with a QI.

Thank you everyone for you inputs! 

Like i said I saw some things online about it and it just peaked my interest. I was just wondering if this was a real thing. I didn't say i was going out today to try this. 

It is to my understanding that when you do a 1031 EVERYTHING must go into the new properties you may not take any $ out. 

Thank you for  @Derek Carroll 

@Kyle Gregg I agree with you it would be best to market and sell in my area. I just saw this virtual wholesaling thing and it peaked my interest a little bit so i thought I would look more into it.

As far as being stuck with a property thousands of miles away as a wholesaler there are clauses you can put in the contract that will allow you to walk away from a deal protected.

I was just wondering how the whole process works being that you are not meeting with anyone or even seeing the property yourself.

Thank you @Kyle Gregg 

Being able to invest anywhere in the country from your home is very interesting. Im sure its very challenging to do.

Lol seem's like you've got it. Sounds good. Especially bringing the German Shepard along.