Becoming an REI has helped me in so many different aspects of my life than I ever imagined.

I would love to work with a commercial lender to learn the financing aspect of things.

I have been doing my research for the past few months and I have been trying to investigate all aspects of "the flip."

interested in all aspects of real estate and would like to learn and share information.hank

This law is defined under section 1031 of the Internal Revenue Code, 26 U.S.C. § 1031.IRS rules control the length of time that the replacement property must be held before it may either be sold or used to enter into a new tax deferred exchanged.

The michigan housing market has been down for a bit and it is definately a buyers market and i think this would be a great time.

LLC is MUCH easier to manage the paperwork aspect.

But, without a defined need for the structure, in this case it's been challenging to create a business for the location at a cost with a positive ROI.

Noob, could you define what you mean by situation?

I'm 19, and know almost nothing about the technical aspects of this interest of mine.Glad I found this place and I hope i get to use it well. :)