Quote from @Victor Yang: If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?

I almost exclusively sell bank foreclosures for a large asset management company, and I also do a lot of marketing for wholesale deals.

I have owned 3 homes in the past that I lived in.

I can envision that the numbers on these luxury homes would lead to to a long lag time...but hopefully I'm wrong. 

I would recommend that you get out to local meetup events, as that is where you will make the really deep connections to help you get rolling. 

I am not friends with these sellers but these sellers know that I am the best there is at what I do. 

show all higher educational transcripts, dates, license information, background check, bonds, insurance, school location, office and class hours.....and more!

The second is a rehab property that I purchased for myself, I purchased it out right for 100k.

But just hating on wholesaling in a wholesaling forum is so unbelievably pointless. its not dead per se  but it is starting to be regulated as it should.. oregon just passed their version. where to wholesale you now need a license and over site by the RE commission.. along with criminal back ground and a BOND.. and as we know not everyone can pass either of those with the bond being the tough one if you have bad credit your not getting a bond.

I am interested in investing in something a bit more passive as I am getting older and, while I love the real estate asset class, I do recognize the need for multiple streams of income.