Hi, I'm planning to start investing in mobile homes. At first, I want to purchase 1 mobile home to fix and flip to learn the process. I have a few questions and would love to connect with others who have experience wi...

Role-playing.     . you paid $300k 10 years ago, it’s worth $660k, (so when you sell you net $600k to make math easy.)and your cpa determined that you owned zero land, so it’s all depreciatable. you owe 15% on the $300k gain plus 25% tax on $109k depreciation recapture, so you owe $70k in federal taxes, then California reaches out for another $30k?  

Add this to smaller network and typically less knowledge for new RE investors.  

Future gains on the investment portion may be deferred with another 1031 exchange, while gains on the primary residence may qualify for the $250k/$500k exclusion if residency requirements are met.This post does not create a CPA-Client relationship.

I'd be happy to network.  

network with local agents to see where they took theres. but not much to it but go with who you feel comfortable with.

Do you need an S-Corp depends on your overall tax situation and profit you are expecting form this flip.This post does not create a CPA-Client relationship.

would love to help in anyway i can. go to networking events in your area. you can find them on many different apps. best of luck on your journey, keep learning then take action

I know building a reliable local network will be key, so I'm hoping to connect with experienced real estate team in the area.The military presence in Jacksonville catches my eye, and I'm particularly interested in properties that might appeal to military personnel and the associated contractors.

welcome. go to as much networking events as you can and mingle. there are great posts on this forum which you can learn on many different topics. the podcasts are great. if i can help in anyway, reach out