But, if a cost-seg study is done on the old property, you can manage Sec. 1245 recapture tax by doing a study on the new property to confirm it has as much or more Sec. 1245 property.You cannot swap a fully depreciated gas station for a raw piece of land and avoid recapture - you must replace all the 1245 and 1250 property.3) OZ - Sure you can defer your capital gains for a few years into an OZ fund, but the magic of OZ investments is the ability to achieve tax-exempt growth after a 10-year holding period.

This is a good place for growth! 

Regarding different markets, I'd like to know what about this market makes it a growth market? 

I was able to drive the property a couple of days later, and I realized no i should not chase a rezone, and actually property similar to this will be removed from my list. 

Suffolk, VA has a 4% population growth for the past 3 years What made you interested in investing in this type of deal?

Markets like Phoenix and Austin are buzzing right now, and there's a lot of unapped potential.I've been navigating these markets for years, and from what I've heard, the growth here is just getting started.

It's tough for out-of-towners to compete and find a good deal, but if you're here and can drive the streets in your neighborhoods, do that!

And as I continue to see more and more "we buy houses, cash" advertising, even the distressed homeowners are likely getting multiple offers from wholesalers, driving up the wholesaler price, which means higher price for you.

Plus, the sync issues with financial institutions drive me nuts.

I’m relatively new to wholesaling, and I’ve been diving into the process—cold calling, direct mail, and driving for dollars.