Study as much about real estate as you can.

@Brandon Hermreck, This was almost the classic example of 1031 transition we've done countless times for farmers.

When I am not turning wrenches I am in the books going to school studying aeronautics as well as studying everything I can about real estate.

Hello fellow bp members,Ok, I am a newbie but I spend my every waking day studying, listening to every podcast, reading every forum, in an effort to gain as much knowledge as possible.

Whatever you may absorb while going to class and studying for your test, will not be part of actual the "real life" transaction..  

Your situation is a classic example of vertical vs. horizontal income streams.

Obviously taxes would be owed. 2) We are thinking of doing a Cost Segregation Study on a couple 4 plexes in our SOLO401Ks.

With you’re high income & low expenses at such an early age, I would house back for experience & profitability if it made sense for you & where you are at, and then most importantly study passive investing during this high point in cycle & be in great position when it turns again.

I am new to real estate and everyone says you need to study your market and learn your market, but I don’t know how to do that or where to start.

I have for the past 4 months studied the art of wholesale now I feel like I m ready to get out there and make some offers.