All Forum Posts by: Travis S.

Whats the best way to purchase land ?

Well, we are talking about the same thing. Lol !

And its right in there. You can't go over the 200%. Just like I said.

200% of Fair Market Value Identification Rule

Investors can identify more than three (3) like-kind replacement properties as long as the total (aggregate) fair market value of all the identified like-kind replacement properties does not exceed 200% of the total (aggregate) sales value of the relinquished property(ies). The limitation is only on the total (aggregate) identified value. There is no limitation on the total number of like-kind replacement properties.

For example, if an Investor sold relinquished property(ies) in the amount of $2,000,000 he would be able to identify as many like-kind replacement properties as he wanted as long as the total (aggregate) value of the identified like-kind replacement properties did not exceed $4,000,000 (200% of $2,000,000).

No I am correct. Sorry. I have a very great CPA.

Forgot about a realtor. You aren't going to make any money like that.

To have someone give me a houses thats already paid for. Then I can hold on to it & lease it out.

Hello everyone. I am new to this. I have been studying real estate investing for like two years now & I'm just starting this year. I've read alot of books & met with alot of important people. I just formed my company Worldwide Property Solutions, LLC.

I also love music. I was born in 1984. Back when I was in elementary I learned how to play the violin. Then went to middle school & learn the trombone, trumpet & then all of the percussion. From there I went to high school & learned how to record in studios. Now I have my own home studio.

After that I learned how to do graphics, websites & promotions such as getting radio & tv commercials, printing flyers, b-cards & a whole lot more. I only choose my jobs because I love to work with people & discover what they have in there minds.

Well i could type forever cause I am alot. Well talk with you guys later !

Never do it in your name. If you do & you get sue. Everything else in your name can be held to give away to the person that's suing you. Put each investment property under one LLC. That way you are very protected.

It's different in most states but I also know that there's a 200% rule. Meaning that the 1st property your switching from should double to the amount of the property that you are getting. Just to avoid from paying taxes.

Pre-paid Legal is wonderful & no you don't need a lawyer to form an LLC. Goto www.mynewcompany.com & talk with those guys. I just formed mines with them about 2 months ago. Mines is called Worldwide Property Solutions, LLC.

Pre-paid will look over every contract before you ever sign it. But in real estate I don't call them contracts, I call them agreements. Pre-paid will look at contracts/agreements small to large.