Feel free to reach out if you need more insights or just want to chat about the market here!

With each deal you do, you get experience and knowledge which takes time. 

In a non-community property state you have 2 years within the date of spouses death to claim their $250k tax free exemption as well, if you don’t you get their 1/2 of the property’s value stepped up. 

So, with no foundational knowledge of real property, and no capital, his only alternatives are (1) “bluff” the homeowner into thinking he has the money and intent to close the purchase himself and or convince the homeowner he has an extensive list of cash ready interested buyers (“partners”) with whom he’s done dozens of prior deals or (2) pack up shop, write off the money invested in mentoring to a worthless investment, and decide IF real estate is right for home.  

Feel free to ask questions or DM if I can help more. 

After a solid 6 month intensive full rehab and pulling all the cash invested out I like to tell my wife 'Hey look at all the free passive income we have!'

I am currently an Engineer that makes about $70k but my true passion is real estate as I have a few real estate investments and knowledge on market trends.

So if it was your primary, you may be better cashing out now and tax free. 

You can do your own research and see what the Government gives you for Tax-deferred and Tax-free Sales of multi-family properties.

If anyone has questions on Obie, feel free to send them my way.