Quote from @Bruce Woodruff: Yes I agree with Bruce, I had one done about 2 years ago now for a client that got me fully on board with having my clients do them all the time.

I am currently loving real estate and think including the journey on social media can educate others and market to potential clients as well.

Prioritize financial stability before scaling your investments.This post does not create a CPA-Client relationship.

Consult a real estate CPA or tax attorney to assess if the benefits outweigh the fees and risks for your situation, and consider alternatives like 1031 exchanges or installment sales for simpler strategies.This post does not create a CPA-Client relationship.

When I have seen this done or done this for clients, the properties being crossed are generally refinanced into the same loan, replacing your first lien (blanket/portfolio loan).

Purchase price: $600,000 Cash invested: $100,000 Here is an investment Flip Property I found for my clients in the highly desirable neighbourhood of Haysboro, Calgary Alberta, Canada.

*This post does not create a CPA-client relationship.

I have seen this first hand with my own flips to my client's that have been in the business for 25 years flipping. 

What I wrote above does not create an attorney/client relationship between us.

Depreciation can create paper losses to offset rental income or passive income, and qualifying as a Real Estate Professional (REPS) or STR loophole can allow losses to offset W-2 income.This post does not create a CPA-Client relationship.