Brand new to real estate investing and I am looking to complete my first wholesale deal.Hi, Ben, Caleb is correct, you need to be the first or at least front of the queue to reach out and provide your solution.

You do not need to provide tax returns, W2s, paystubs, etc.

Hi Mike,First, I want to emphasize that my intention was never to provide misleading information.

Selling for $380k means an $80k taxable gain at long-term capital gains rates (0%, 15%, or 20%, depending on income).The $80k HELOC used for personal debts doesn’t affect your taxes.A 1031 exchange could defer taxes, but you’d need to reinvest in another investment property, not a home for your mom.

Can you provide more clarification?

Also, depending on the amount you get from your divorce, you might have more options. 

There are also several funds out there that provide high single digit yields that are low risk. 

Well it all depends, it's all in what kind of business a person want's to shape.

This experience has provided me with a strong foundation in acquisitions, valuations, and deal sourcing.

I think it depends on the individual and opportunity.