Hello everybody! My name is Austin & i am sorta a new wholesaler out of Maryland! If anybody local (especially other wholesalers) or anybody else even out of my market wants to connect, feel free to reach out! Loo...

What are the terms/status on your current lessees?

Since you are on the Austin forum and stated you are from Texas, I would be happy to get on a phone call or have coffee with you to help you focus on the task ahead.However, let me remind you, I am neither a real estate agent, or lender.  

When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is not repaying the depreciation.

I've had this line in my profile for like 5 years.

Congrats on owning a duplex at 20—that’s very impressive!

I am looking to build up a network here on BP.

It was supposed to be dealt with in December, but I can't find anything online to it being completed?! 

Certainly nothing ground-breaking in terms of ideas here, however I'll be very hands on (and on site) during the process to make sure that every step of the way is executed to a high standard and very carefully.Once I've hopefully developed a successful track record and gained experience, my next goal would be to move on to commercial assets (think multi-family, industrial etc) so that I can leverage my existing investor network and real estate knowledge to raise 3rd party equity and take on bigger projects.

FHA loans require living in the home as your primary residence for 1 year after purchase.