Whether you're actively working on a flip, have completed successful wholesaling deals, or just want to exchange ideas over coffee, I'm here for it!

Whether you're actively working on a flip, have completed successful wholesaling deals, or just want to exchange ideas over coffee, I'm here for it!

@Mike Moran clarifying question, if this a 1031 exchange? 

@Gerard Scranton - we have gone the partner route in similar situations in the past by giving an equity stake in exchange for cash and labor.I would find the nastiest houses in need of work and put up 50% of the combined purchase price and rehab cost and then I’d bring in a contractor partner to bring in the other 50%.

Build the property, rent it out for a couple years and then exchange it for other rentals to defer the taxes.

Then each of them could decide to do a 1031 exchange, where they could take their share of the sale, and defer it into another property.

Used a 1031 Exchange, bought it from another investor who could not afford to renovate How did you finance this deal?

Do they have the necessary resources to stay on top of all the tax issues such as 1031 exchanges, 754 Step-Ups, etc.Feel free to share your thoughts or comments.

Took the proceeds and put them into a 1031 exchange to be used on purchasing a long term rental.

Or you could sell a few of your least preforming properties, and do a 1031 exchange into an apartment complex.