@Dave Foster

@Dave Foster is correct that single member LLC is a disregarded entity and all profit/loss is reported on your individual tax return, but a single member LLC can still has a separate tax ID #. 

@Dave Foster thanks for the $$ info on 1031 exchange and great point for him to think about.  

It was at Abuelo's private room at the Fayette Mall The new group is designed to foster knowledge and professional connections in the Real Estate investing community, in and around the Lexington Market!

Originally posted by @Dave Foster:@Jon Klaus, you're not going to get cap gains treatment unless you push the closing past that one year mark.  

It is my goal to provide housing and a support system for foster children who have aged out of the system and have found themselves homeless and destitute.  

Originally posted by @Dave Foster:@Sean Gallagher,1. a 1031 always starts with the sale of a piece of investment real estate (type is not important just that it be investment and held for productive use in business trade or investment).2. 

If you want to be a traditional agent and sell to homeowners then Long and Foster will have lots of training and support.

Originally posted by @Dave Foster:@Phil Sabella, Good luck on your search.  

That's good to know @Bill Exeter, now I know what's the name of the thing we where thinking about (1031 Exchange (tax-deferred exchange)).Thank you so much @Dave Foster for the non-citizen info and you are right she's not so we have to check it with an attorney or a CPA.