This shifts incentive for the realtors within LS from providing good service and bagging repeat business to just be agressive in tagging properties.This is in stark contrast to the vendors who are not allowed to tag properties and thus always have an incentive to provide good service and gain repeat business.Remember you have already paid $10k, so you are going to work with the realtors within LS rather than external realtors.- LS uses a catch phrase "Real Estate is Easy, People are difficult" implying that RE is easy, you just need to be able to deal with various temperaments of various people involved in the sealing of a deal.

Of course, a property sitting on the market from more than 30 days would get their attention, but that's just not happening right now.

you don't mention how much principal paydown you have each month. few here on BP pay attention to that. you have a ton of income so that's not an issue with floating the payments. i'm assuming you have a decent amount of reserves.i rented out my primary last june, though those on BP said the numbers don't work.

Pay special attention to guys like Jerry Puckett who are successful in the difficult wholesaling field.

We lived in each house two years to avoid capital gains.

Let's say for example that it is now worth $800K; if you paid $800K or more (total basis, not just purchase price), then there is no capital gains for which you would be seeking deferment, so no point to the 1031.

However, if, as a wholesaler, you can provide real value in this area to your buyers, you will stand out above the rest... and gain a huge advantage.My student, in Jax, of all places, actually went to Home Depot and priced out stuff like counter tops, flooring, paint, appliances, fixtures, etc, etc and created a spreadsheet in excel.

@ David A A couple of things that may need attention, I know they did in my part of Florida. 1) Permits: We contracted with a "reputable" architect for a hair salon family business.

I have never done any flips but I could see where if done properly to maintain the arms length transaction it would be nice to have the gains in a sdira.

I did think the original posters situation was expensive for mentoring, but it is all relative to the potential profit,and the knowledge gained.