@Jeffery Jones you understand you'll be buying Class C & D properties, not in the best of areas?

Hello everyone,My business partner and I are considering buying in Niagara Falls as a short term rental investment and we'd love to speak to someone there running a vacation rental.

If a solid rental opportunity arises, buy it. 

With that strategy, I'm not a real estate agent BUT I am also reading a book called "BUY, REHAB,RENT, REFINANCE, REPEAT.

Even if you take the $250,000 the realtor mentioned it would sell for as your basis that would mean you're looking at an $80k gain: 380,000 - (250,000 + 50,000 improvements) = 80,000Since you want to buy a nicer home for your mom, a 1031 exchange may not be applicable if the new property is intended for personal use, as 1031 exchanges are for investment or business properties only.

As-is cap rate of 7.5% in my market (kc) would be pretty awesome to buy. 

If you were to buy direct from the owner you will get great deals!

I also like to be set higher than most of my competition because I only buy really cool properties that are sought after.

I know it’s no longer legal to do wholesaling in SC but let’s say you have the money to buy the property and you can turn it around.

If you buy less or take cash out you will pay tax on that amount.