The property that you sell and then purchase through a 1031 Exchange must be held for rental, investment (capital appreciation), or used in a business. 

Once I get a few deals under my belt and money is more abundant, I'll also purchase Seth's training.

I started with a house hack then purchased my own rentals/BRRRRs and now I own a successful 7-figure rental portfolio.

We're crunching numbers and planning to make purchases this year in the self-storage space.

Otherwise, you will have to explain the large deposit and possibly the source of the funds to buy the crypto.You can expect to need about 20 percent of the overall costs of the purchase and rehab.

Purchase price: $550,000 Cash invested: $450,000 6 unit multi-family BRRRR.

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.

So if I’m understanding correctly, if you sell your home within 2yr of purchase, you don’t have to pay capital gains taxes? 

I eventually want to build on the lot but for the time being, I want to purchase it so that no else buys it first.

You can also offer to lease with an option to buy to tie up the property until you are ready to purchase.