So can go into a neighborhood's GIS system and look up what the individual parcels are assessed at and omit the building (also referred to as improvements), typically the real value of nearby parcels is somewhere between 50% and 75% of what the county claims; example: if the Fredericksburg GIS system claims that a certain house's land is assessed at 50K then your investor should NOT buy it at more than 37,500 at the VERY most.One MAJOR point to take into consideration is: an investor that you will help buying a parcel of land is an investor that will have less money to make future purchases.Good luck, and fee free to shoot me any questions as I'm very familiar with the Fredericksburg area and won't hesitate landing a helping hand to fellow BP.

I read through the Ultimate Beginner's Guide and the multi-family property investing seemed like the kind of investing I would be interested in (duplexes and triplexes) and potentially house flipping.I have some background in real estate investing - primarily doing accounting work for individuals and commercial real estate developers. 

Hello BPCultivating a positive mental attitude is essential, imo, to live a life which you are fulfilled mentally, physically, spiritually and financially.

From here I would like to have plans drawn up as well as the estimated financial cost for my vision or whatever development is determined to be realistic.Any guidance or contacts that are provided will be helpful!

I've seen my parents financially crippled under houses and cars they bought and lost because of lay-offs and poor planning.

After looking back on the past couple of years and reading similar stories, I wanted to share some of my story.In mid-2014 I was turning 30, had recently changed positions and was beginning to realize that my financial future was limited by my employment.

It is very important to file an extension by the March 15 or April 15 deadline, depending on whether you are a business or individual, because not filing an extension will result in a 5% per month for failure to file penalty, but it is equally important not to file a full tax return if your exchange is not completed by the applicable filing dates referenced above.    

Generally speaking, however, it is more financially prudent to simply have the plan hold title to the asset.

I have a solid rental portfolio of houses here in Austin, but the cashflow is minimal compared to what I can get in multi-family or in the mid west. additionally, I'm looking at purchasing non-performing notes and turning any of the foreclosed properties into rentals.Are there any strategies for selling off the houses, either in bulk or individually, to minimize the tax burden for when I reuse that capital to purchase non-performing notes?

You'll have to get the financials.