It’s still in the beginning stages but the experience and knowledge I’m gaining as a business owner is extremely gratifying. 8) Overall built a sense of confidence when discussing anything around finance, my faith, marriage.

This plan does not avoid capital gains or keep his identity secret.

Again, whatever one stands to gain must/should be what one stands to lose. 

Consider if you're able to use the primary residence sale capital gains tax exemption or not. 

The best way to gain credibility is to be honest with people.

I also suggest reading Getting the Money: The Simple System for Getting Private Money for Your Real Estate Deals by Susan Lassiter-Lyons, it is known as the bible for how to find, meet, and gain partnerships with private lenders.

Couple tax related questions:1) A 1031 exchange would never come into play in this scenario since there's no actual 'sale' taking place. 2) If we did an actual sale instead of a transfer, could he use a 1031 exchange to pay off his RV and pay no capital gains on the difference between the sale price and the $88k he bought it for 30 years ago?

Here’s my options I have come to.. either sell the house and make 137k profit w/ no capital gains and take that and my original money put into the house and start my rental venture or pull the equity out and rent it.Rental rates are skyrocketing in my neighborhood at 3200 a month for my size house.

Here’s my options I have come to.. either sell the house and make 137k profit w/ no capital gains and take that and my original money put into the house and start my rental venture or pull the equity out and rent it.Rental rates are skyrocketing in my neighborhood at 3200 a month for my size house.

I got into real estate last year, and have since successfully BRRR'd two properties, both flowing cash and have gained in value significantly.However, my wife is not a fan at all...