Looking to get involved in the Camp Lejeune area, if anyone has tried their hand in that market please let me know.My interest is specific to SFH, although, even if you operate in other types I would still like to discuss PMs, Attorneys, etc.Thank you.

With this being my first one, I was more comfortable taking the plunge with a little "hand holding" through Roofstock.

Just a little heads up to keep your alert queue from getting too out of hand -  BP is a busy place and it helps to be able to zero in on the threads that matter most to you and your goals.Best of luck!!

Could anybody please explain to my these 1013 rules below with examples in numbers keeping in mind that my numbers are:purchased for 250 all cash dealsold for 600 - 30k for real estate agent = 570KTypes of Replacement Properties to Identify: Three properties without regard to their fair market value.Any number of properties as long as their aggregate fair market value at the end of the identification period does not exceed 200% of the aggregate fair market value of the relinquished property as of the transfer date.If the three-property rule and the 200% rule is exceeded, the exchange will not fail if the taxpayer purchases 95% of the aggregate fair market value of all identified properties.I do not understand exactly what "aggregate fair market value" means and especially the third point is a mystery... if you made it so far ;) and understood I misinterpreted the BOOT, could you please explain it to me with a clear explain in numbers?

My personal goal is to build capital to go hands on into the Multi-unit investments, however, I have bills like the rest.

It was hosted by M.I.P and we toured properties, meet lenders, insurance agencies, and other provider doing business with M.I.PMy Criteria/Situation: 100K Purchase priceGood working-class B, B+ area3/2/brick houseWas looking for 1% rent to purchase ratioConventional financing with 20-25% down paymentUtilized 401K loan for down payment and closing costsThe Purchase:During the M.I.P Property tour in May, they handed out flyers with properties for sale reserved for visitors that weekend.

I have a business degree (supply chain management and marketing) and have been self-educating on real estate topics, but I'm about ready to get my hands dirty. 

By that time, you'll be competing with all the other buyers out there in your market..Typically, once the bank forecloses, the loan file becomes an REO file and it gets handed off to an asset management company.

My concern would be losing the current mortgages. 1) Would transferring the 2 properties I won't be living in, but renting into an LLC be the right move?

On the other hand, I have no idea if $45k  is a reasonable amount for this work.