I think he did spend time and is a gambler in  Vegas today.

For instance today I analyzed a prospective deal that is a 3 unit.

Quote from @Jay Hinrichs: I invested in a winery/wedding venue at the end of 2023 because I needed a quick tax strategy and couldn't find a property fast enough.  

I am in Huntsville, voted #1 place to live by several publications such as Kiplinger's and USA Today.

Hi everyone,I follow Pace Morby and a couple of other creative finance masters on social media.

The premise of the time value of money struck me: "Money in hand today has earning potential, and we can turn money today into more money tomorrow by investing it."

I need something simple that I could utilize today.Thanks you will not be able to get something today. in order to pull credit typically you must have a background check done on you and the company will also come visit your office and confirm you have specific security policies and procedures in place. 

That’s not much of an upside unless you have few closing costs and flip fast, before you sink money into paying mortgage each month. 

That's not easy to reproduce in today's market, so Kudos to you both!

Of course, nobody wants to be the test case, but I've never heard of IRS treating money from a loan as income, ever.I think you would be better off with a long closing date on the purchase and sell your exchange property fast so you can do a conventional 1031, receive conventional financing with one set of start up fees/costs, etc.