whether for sale or not.Ex. all houses in Sierra Madre, CAThanks!

To defer all tax you must purchase in total at least as much as your net sale.

So I am at the mercy of that person for basically EVERYTHING.I am still waiting on that payoff amount 9 days later and am up against a clock where they have scheduled the home for sale at auction come March.

Net earnings were about $400,000/year, so the business component of the sale was valued at about 3X, or $1.2M. 

The game plan would be to keep this structure for 1-2 years with future full sale.

We mostly buy rentals but will do an occasional flip in a market with strong sales comps.The markets buy in are DFW, OKC, Tulsa, Houston, Little Rock, Memphis, San Antonio and Birmingham metros. 

You can then measure the cash flow impact versus the potential cash you would obtain upon a sale.

With record low inventory and sales transactions there's no low hanging fruit.In this market we think the best opportunities are value-add (BRRRR'ish), zoning changes allowing density (ADUs), or seller financing deals (buy a lower rate).

No 'press 1 to talk to our sales team, press 2 to...' sort of thing. 

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.