In order to defer all of the tax you must purchase at least as much as your net sale, and use all of the proceeds in your exchange.

Looking forward to seeing your success!

Liam,Let's Connect add me to your Network.

Anways, I own a home, but I was told I could think about sell it or renting it out to someone else to get started with investing.

This sounds like your situation, Brody.It may be easier and more convenient to find one lender that provides both the purchase and rehab funds but don’t feel that your hands are tied.

Thank you for any input. 55+ will limit your pool and $75/mo cash flow is not a lot.

You are the member of the LLC not an s corp or a c corp which owns the LLC - which is more traditional in syndications and other setups

Work a lot, save it all, eat the food that your mother makes for you and go to work- then when you have a big pile of money of your own you can decide if you want to risk it On real estate.Read Rich Dad Poor Dad.Good Luck!

Best of luck with your first deal—looking forward to hearing how it goes!

How are you assigning your interest4.