Hello BP,I moved to Delaware 7 months ago and I'm starting my journey into real estate investing.

@Dave Nye the alternative to your 1031 is a Deferred Sales Trust, not be confused with a Delaware Statutory Trust.  

Originally posted by @Patrick De Los Santos:I’m getting into flipping houses and want to know the best way to learn the market and any advice on how to get started.

Investors , BRRRR, Buy and Hold, Sellers need to adjust expectations for a minimum of 12 to 20 percent drop in Home Sale Prices in the Coronavirus Housing Market.I've been tracking data in the MD-DE-PA-VA-NJ  MLS for the past few weeks.

As a Delawarian I grew up hearing all the bad things about Wilmington DE.

@David de Luna that may well explain the recent lack of activity, but I also left messages and emails 5 weeks ago that were never answered. 

I built a vacation home in Bethany beach, Delaware and it’s very similar to the jersey shore.

Anyway, they will probably suggest I create a 'parent' LLC in Wyoming and eventually put all other LLC's into this LLC for the best protection considering Wyoming has strong protections far greater than Connecticut which will help de-incentivize any lawyers from pursuing lawsuits.

Now, if there were some grey areas where you made a decision to write something off immediately as opposed to depreciate it, such as through the De Minimus Safe Harbor, or you chose Bonus Depreciation instead of choosing to depreciate it over its useful life, that's one thing.This is probably the sixth time in the last 2 weeks I've heard "my mortgage broker suggests I show income of $60,000 this year" or "my mortgage broker wants to know if you can move this from Schedule E to Schedule C" and any other number of complete bull-oney that makes me wonder what the heck these brokers think they are doing. 

Purchase price: $155,000 Cash invested: $220,000 Purchased this distressed home right outside of University of Delaware and renovated the entire property: new roof, new windows, new siding, filled in an in ground pool, demoed flooded basement and added 4th bedroom, converted half bath to full, refinished kitchen, refinished hardwood flooring, installed LVF throughout home, new plumbing, new electrical, etc.