I used to be active on here (BiggerPockets) around 2009, and wow, how it has grown!

We’re actively participating in auctions, but unfortunately, we missed out on our last bid by one bid higher.

It’s a bit complex, so working with a 1031 exchange expert and a tax advisor is crucial to make sure everything is done correctly.

W-2 income, but it’s subject to passive activity loss limitations.

However, it's crucial to verify with the specific lender, as policies can vary.Regarding recording a lien, if the lien is recorded, it formalizes the debt and provides legal protection for the lender, which might be required by your private lender.

As others have said, delegation is crucial to growth.

Sorry again.As i said before, and I truly meant, start by checking into the regulations and laws for your market of activity. 

The fact is I am starting to meet more coaches than active wholesaler,flippers etc In my business I am an active buyer of properties and source wholesaler thru local meetups reia meetings etc In every meeting their is a dozen people like you who want to learn and even more coaches who want to teach.

This new LLC needed a mailing address for normal mailing activities (I’ve always understood that the registered agent address is only for legal mailings vs ‘normal’ business mail).thanks!

The IRS typically requires the same entity that performed the 1031 exchange to continue owning the property to maintain tax deferral.To avoid any unintended tax consequences, it’s crucial to consult with a 1031 exchange expert or tax advisor before dissolving the LLC or making any distributions.