There are numerous stipulations to do a 1031, and the main one is that a holding company must take care of the funds from the transaction.

In fact you can take the profit and find a home and pay cash for it free and clear and enjoy a nice chunk of positive cash flow every month for the rest of your natural life (as long as tenant is in place).

I think it's best to be somewhere inbetween where you still enjoy life without putting too big of a dent in your budget.

This new house may or may not be _my_ house for the rest of my life.

the quicker you can screw your head on straight and realize that life isn't about drinking, partying, getting laid and listening to useless dribble on TV and trying to fit in with the next fad - the better off you'll be.when you realize that by the age of 35, if you work hard, manage your money, MIND YOUR BUSINESS and TAKE CONTROL OF YOUR LIFE - you can be doing things that are magnificant for yourself, your family and your community - that's POWER.

One of the biggest psychological obstacles that I have come across since I began my investing life recently is the fear that is reflected off of my friends and family.

life will not be the same for you.anyway, sorry about the schpeel about TIME, join the rei club, talk to some people and keep coming back and posting about wholesaling - ryan webber is an excellent resource on here as is esnuts (i think that's his name).keep in touch!

There are numerous legal documents on the web that explain how to request a waiver of the DOSC.

Close your eyes and envision the life you want to live.Really focus on it.....the home, cars, security, pride, etc.THIS CAN ALL BE ACHIEVED W/ REAL ESTATE INVESTING!

you're 26, life is short brother.he may like you, think you're a good guy, smart with computers and maybe he sees qualities in you that may help him in the long run and help you realize a completely different way of life.on a side note, regardless of this situation with this investor - try not to limit yourself to just your job.there's 24 hours in a day, why work only 8 of them for someone else, then sit around and watch TV or obsess about how lean your stomach looks by working out and wasting valuable time expanding your full potential?