I'm an investor in the Austin, TX area and I'm here to build relationships and work on deals.

Commercial deals take longer and are all about relationships, so connecting with investors, brokers, and property owners is key.

💪 Start by networking with local investors and wholesalers to find deals, build relationships with contractors and lenders, and analyze numbers relentlessly so you don’t overpay.Stay focused, take action, and don’t be afraid to learn as you go! 

Additionally, I have a great relationship with my lender and secured favorable terms on my current loan.

This strategy requires strict compliance with IRS rules and may not be practical for all situations.This post does not create a CPA-Client relationship.

Aside from building trust and relationships, knowing what your investors are looking for and generating leads....I think the most important thing is getting your number right.

Just would like to start building relationships with people In the Phoenix area as well. 

I would love to find people in El Paso, TX to have relationships with and learn from.

Quote from @Brandon Morgan: If you screw up a deal with a friend or relative, you will lose money and the relationship.

While gifts exceeding $18K per year (2024) require filing Form 709, they don't create an immediate tax, but the IRS may scrutinize this as tax avoidance.Tax-Saving Alternatives:Prorated Section 121 Exclusion – If you lived in the home part-time, you may qualify for partial tax exemption.1031 Exchange – If your share was an investment property, reinvesting the proceeds defers capital gains.Installment Sale – Spreading payments over time may reduce your tax bracket.Adjusted Basis Review – Factor in capital improvements and selling costs to lower taxable gains.This post does not create a CPA-Client relationship.