The gains go back into the IRA or 401k, and in the case of flipping houses - which is considered a trade or business activity - there is a tax implication on the profits from the flip through UBTI (look it up).  

. -- Don’t just be a “jack-of-all-trades" Even though I am. 5.

I was so "into it" that I registered and started an investment club - the Boise Stock Exchange, where I taught my techniques to others (for free - it was a meetup group).I was met with skepticism from other traders, simply because they had; never traded futures, had heard horror stories about trading futures, knew nothing about how to trade futures, and could not fathom the amount of risk I was taking or the leverage ratio I was employing.  

I have already had the discussion with my self and God,  and i am not going to trade my time for a wage for the next 40 years of my life. i am not going to continue the path my parents and their parents parents parents followed....

Aaron McGinnis I have tried to hire someone from a trade group (Union membered workers), the only thing that prevents me from hiring them is if they perform a trade, they only perform THAT trade, I have heard horror stories such as electricians not digging trenches because it is not part of their trade (which I find to be BS, only in CA!).

If you 1031 you must be purchasing a property which you intend to "hold for productive use in business trade or investment.  

Everything I've gotten from BiggerPockets has been GOLD, and I hope to really evolve as an investor here, make some great connects, and maybe trade a couple deals. 

If you currently have a "day" job, consider starting by building a portfolio of income properties - rentals.The rental market is the strongest it's been for over 50 years; you'll build a stream of income that comes in without trading labor hours to get it, and eventually, may be able to replace your "day job" income.

The real estate wholesaling space has become more and more fragmented as new wholesalers learn the trade and enter the space.

We want to be able to sustain as a business model doing a few properties at the same time without too much hammer swinging.