If you do sell, if you use the 1031 exchange process, there will be no tax on the gain.  

This is my first BP post, which I am compelled to write based on my experience attempting to wholesale with a mentor.The background: I signed an agreement with local (Philly) wholesaler that says we must use her LLC, her buyers, and her contract for my first three wholesale closings in exchange for her "mentoring" me.  

Now, you simply have to work on the other elements to progress your REI pursuit.Ok, now that you have taken your initial step, below are some quick links to get engaged. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate Success However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

At the moment, our capital is sitting in a low-risk, readily liquid investment which is returning a 5.2% ... or it is sitting in USD money market fund earning squat (I just exchanged a lump this morning and made 22.5% thanks to our oil contaminated Loonie).As such, when we analyse any "deal" that comes our way, the opportunity cost of that capital is a minimum of 5.2% ... when you adjust for risk, etc. we end-up with a hurdle rate in the range of 6 - 9%.  

I think you have to look at your situation more in-depth as an exchange of risks.

Develop a very good lead magnet for investors related to property management in exchange for email...run ads to promote the lead magnet on facebook or google adwords.. try one platform at a time.. give it sufficient budget but start low.. if you see traction ie. people downloading your lead magnet then increase budget... you might need to iterate through your process several times.. before you reach an acceptable cost per lead.

I'll exchange that today.

The bonus about Brazil is that it's winter now (so summer vacation houses are moving slow), the economy is in the tank, and the USD/BRL exchange rate is favorable.

I am not certain that he can avoid the problem with a 1031 exchange.

@Walter CorreiaYes, read up on 1031 exchange rules.