On 7/18, and 10:23am I got a call from a 800 number I didn't recognize.

It is true that the CRA does not recognize the 1031 exchange and would tax you on the capital gain.Do you own this property in your name or is it held within an US corporate entity?  

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.5.

@Joseph PuglieseIf your business is accrual basis and previously accrued the revenue and included it in taxable income, yes you could write off the bad debts.If cash basis, you don't get to write off revenue you never received as you never were taxed on it in the first place.There are extremely limited exceptions to this, particularly if you're cash basis and recognized the revenue under constructive receipt, however I suspect your fact pattern is not that complicated.You can deduct your normal operating expenses of the rental.Your CPA is best equipped to help you deal with this.

I've been in real estate for 2 years now and I still haven't closed on a deal.I think its mostly because I'm doing it part-time and procrastination has been a big factor even though I recognize it :(So I was curious to know, how long did it take you to close on your FIRST deal (wholesale or rehab).

So if you are receiving a Fannie Mae or Freddie Mac loan (if you recognize those names) then THAT'S the loan types that have the "10 loan limit". 

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.5.

@Jay Helms I stand up during the members part of our monthly in-person REIA meetings, and announce that I'm happy to talk to, or have coffee with, anyone who wants to talk about real estate.And then, because of that and the fact that some folks recognize me from posting on BP, I usually have a ton of people come up to me during the break and after the main meeting.To be honest, it's exhausting, and sometimes I head to the bathroom just to hide for a few minutes before I can deal with The Crowd.

I know NY isn't a state that officially recognizes land trusts, but Florida is. 

I think buyers recognized the value of design, but it was just not typically available to them.