Hello everyone, anyone I have spoke to about REI in my personal life all tell me the same thing: don’t get into real estateThey are all people who have had properties themselves, have tried to rent them out and have told me horror stories of tenants and how repair costs or costs to property managers make it disadvantageous to earn profit or scaleI’m trying to invest with my spouse who is also included in these conversations.

More recently, I have had conversations with sellers who would be open to seller financing with stronger terms including 40+% down.

I've yet to find anyone do an ADU conversion to a basement using a 203K.

John,I am not sure I see the major benefit of that conversion and just as an FYI you cannot put the title or change the vesting to an LLC unless your Bank/Lender allows.

May be quite noisy to have the conversations needed to share ideas.

End of conversation. 1031X are for properties you hold for cash flow (rentals) or for over-time appreciation (land) or both.

So they are often overstretched with resources to reply to offers or buyers.I think when we last conversed was a few years back.

Please feel free to connect with me and let's have a conversation regarding it. 

Because it feels like you have to secure a seller and buyer essentially at the same time, having those conversations and almost playing ping pong with both parties is NERVE-RACKING for me."

The IRS does not allow for the conversion of rental income to earned income.