What I don't understand is can I negotiate how much to offer for the house.

My understanding is that the $480K qualifies for 1031 treatment and tax deferral.

Who ever wrote this does not understand the fundamentals of taxes 

Hi Tanya,It's important you get the right contractor that understands the needs of investors.

Indy is very inconsistent so it's important to have a local agent or a really clear understanding of where you are buying.

Hey Harinoor, if you purchased the duplex with a mortgage, contact your lender to understand their policy on transferring the property to an LLC.

Thanks for your help in advance and thanks to the BP team for providing this platform.Just on the course of getting to understand how well my investment is going to work well for me and give me a good ROI. 

I don't quite understand why so many people are freaking about about the laws when it comes to wholesaling.

The issue is the ownership exhibit for distributions of proceeds for sale. 

We're a self management crowd here, but I totally understand not wanting to do it.