Having moved to Texas from Tennessee, I'm actively exploring the local market and excited to connect with this community to gain insights and knowledge from experienced professionals.

This is a fantastic place to gain some insight into the REI world, particularly for those starting out. 

I'd do a 1031 exchange and defer capital gains.

As a lender who specializes in financing for real estate investors, I understand the unique needs of the BRRRR strategy and can offer tailored solutions to fit your goals.Here’s how I can support you:Flexible Financing Options: Various loan products designed specifically for investors like you, allowing for quick access to funds for purchases and renovations without the stringent requirements of traditional lenders.Experience with BRRRR: Having worked with many investors using the BRRRR method, I can guide you through the financing process, ensuring you understand the best strategies for maximizing your returns.Quick Turnaround: With a streamlined application process and quick approvals, you can move fast when you find the right property.Personalized Support: I’m committed to building strong relationships with my clients.

Are you finding more investors turning to private money lenders for quicker access to capital?

This lets you access your home’s value without touching your savings, and the rates are typically lower than what you'd get with a hard money loan.Many first-time flippers also turn to hard money lenders, who focus on the property’s value and the flip's potential rather than your personal credit.

Since you mentioned your W-2 income is above the threshold, it’s likely that you don’t qualify for this status, so the losses would be suspended and carried forward to offset passive gains in the future.With REPS and 500 hours of material participation in your LTRs activity, you can release your losses from LP interest.

In return I can offer access to MLS information(Realtor), Sweat equity(maybe you need help in one of your flips), Bird dogging, or even listing any properties for you in return for your guidance. looking forward to connect with the community.

They would need to make "improvements" to the property, wheel chair ramp, handicap accessible showers, etc.

I believe I make MORE money by charging less in large part because of the reduced vacancy.If you can keep tenants on average a couple extra years and basically eliminate a 2 month turnover you have gained 2 months rent.