The capital gains exemption is for single or married couples.

I'll probably consider LU when I get further into the industry, it seems like a great resource.My current end-game goal is to quit my "day job" in 10 years and be able to bring in $100k+/year with the least work possible (passive income).

Happy Thursday to everyone,

I need some information, hopefully somebody here can help me. I know that when you are investing on a multifamily or apartment building, when you apply for a loan in order for the banks t...

Seller likely does not want to 1031 exchange into another property, wants no management of the property anymore, and wants a somewhat passive income stream from holding the note.If you pay him 15% down that is a large chunk of change.It's different if they are financing close to 100% with 5% down and non-recourse loan.

I couldn't sell it in time. after moving into the apartment and having this rented out we should only be paying 38$-100$ each month in "rent/mortgage". that's our goal. so that we can save money quickly pay off debts and eventually move out of the duplex and continue to buy more rentals. once we move out that house will be very cash flow positive and we will be selling said single family house unless we have a very good tenant but even then it's to be sold within 3 years or ill have to pay capital gains taxes thanks all!!

JV with another experienced investor for a few deals and gain from his insights.

Selling to buy new properties has a lot of costs involved with realtors, titles and capital gains taxes (variable depending where you live) so that should all factor into your opportunity cost ROI calculations.

But the problem is that I don't understand how could I ''jump'' into two-way dialogue between potential buyer traveling to see the RE and an agent, without my physical presence, and act as a middle-man to gain profit from the difference?

Make an income account gain/loss on sale of property and sub accounts Gross Proceeds from sale and Cost of Property Sold.

If anything, just to gain experience that goes into a full rehab so we know how to communicate what we want with future GC's.