You bring up a good point about if that total amount he can tax defer includes the downpayment, or more than likely only the amount left on the note after the downpayment & principle paydown.

Some are short sighted and cut corners, some have the long game in mind.

If you're just staring out, if you're a seasoned veteran or if you've lost sight of your why and need a refresher.

They handed me off to a PM company called Principle Property Management, but they soon merged with Suite Properties.The reason I'm asking is that my rents from Feb never came in.

@Codi Clausen I'm in KC and would highly recommend if you are buying it sight unseen to have a foundation inspection as part of your inspections.

Regardless of your assignment contract documents and whether you're doing wholesaling or reverse wholesaling, it's important to focus on a few of the fundamentals first, because these are the bigger principles that apply regardless of which specific techniques you decide to use:1) You need to know property values in your market inside and out.

Powerful negotiator, principled and focused on your success.

Nobody is counting the $300/mo in principle pay down.

@Dave Mills The principle is that you make use of the margin between the income and the costs (including debt service), which, adding multiple properties, will exceed the return you would get from a single property with no debt.

@Dave Mills you have to live somewhere soI’d keep the primary house and just stop paying down the principle.