It is my intention to be ready to purchase my first flip in the next few weeks, and will be concentrating on single-family houses in my area.

Just contacted the BRE of real estate here in california and they told me that Wholesaling is illegal because it is considered brokering without a license since i  had no intent of purchasing the property and am assigning a contract over to a new investor .

What is your intent with this property?

@Josh CaldwellThe big thing that I've learned in 30 years of "**** happens" and "the road to hell is paved with good intentions"If you buy it subject to, give a note to the seller, fix it with private money,  and make a profit fast in 90 days and you're out of it well do that four times a yearAnd always always always remember that someone with a superior knowledge like a real estate investor talking to an owner always lose in court always always alwaysThink what judges think: people with inferior knowledge always get screwed,I would much rather get on title with sub to get private lender money, fix it up, resell it, get a profitNow sandwiches on A B areas with no equity or a little equity I think is a terrific ideaGo after expireds,  deal with the seller that does not have a lot of money in the house, explain to them that it cost 10% to sell, so that sucks to pay to get rid of a houseBeing a landlord sucks  and trusting a property manager suck and show them why then show them "option one option two""Option one Mr. seller is I'll  take over your payments for you, and in  2 to 3 years all pay off your existing financing.

I am still in the process of putting together a Power Team.My original intentions were to stay with the “no money down” REI strategies but I now want to start with Fix and Flips while the San Antonio market is so hot and before our Market bubble bursts and before the national market begins its downswing.I am open to any information from seasoned investors and particularly those here in San Antonio with similar interests.Thank you!

I just purchased a new home with the intentions to rent it for a few years.  

It is not eligible for 1031 treatment because the demonstrated intent is purchasing a property primarily for re-sale.I gotta think the TV contracts are lucrative enough that they're not too worried about margins.  

Both (to my understanding) are written with the same intent.  

I think the intention is to protect from damage if the city's sewer system backs-up into your house during a rainstorm.

Hi Sheba,You have an interesting situation before you.  1031 exchanges are meant only for property where your intent has been to hold it for productive use in business trade or for investment.