I am looking for distressed homeowners to acquire properties for wholesale/rentals.

I'm interested in acquiring cash-flowing multi-family and apartment complexes by expanding my markets around the U.S.

A few weeks ago, I learned of borrowing money online from websites such as lending tree and acquiring sub 30K properties using this cool form of financing.This site is an incredible tool to be used for in learning, networking, doing deals, finding partners, and so much more.

In additional to all other benefits mentioned above, Solo 401k is a great tax-sheltering vehicle, allowing you to shelter huge amount of money from taxes.When you use financing to acquire real estate in a SD IRA, the portion of the income from the property will be subject to UDFI tax (type of the UBIT of about 35%)!

While I know low price is not a decision factor, if a couple of these homes present good deals, I am going to go forward with them because I have a cash buyer.Does anyone have experience in acquiring small/rural town properties, and, most importantly, successfully marketing these properties?

I am first looking to acquire a couple 'Buy and Hold' properties to bring in cash flow before jumping on 'Fix n' Flip'.

I got cited by code enforcement one day after acquiring and evicting the heirs of a house with a reputed "40 to 80 cats."

Acquiring property to rehab and then sell or flip is actually holding property for sale (i.e. inventory in your real estate business) and does not qualify for 1031 Exchange treatment.There are lots of opinions out there regarding holding periods.

I'll go full disclosure and say I typically only pay my normal PITI payment but I have on occasion plopped down and extra $20,000 on principal reduction in a year where I didn't acquire any other properties and have a lot of cash sitting on the sidelines.

Apparently acquiring a collection agency license requires first proving you have two years of collection experience -- or you must hire a collections manager.