Our portfolio in Illinois (close to Chicago):All properties in this portfolio are the exact same layout in terms of sq ft and having 2 bedroom and 1 bathroom and are Condos in a 4 unit building Only difference is when each unit was renovated or not.

I say this to say my contractor, who we know and love, is interested in renting the basement in exchange for upgrading the basement that way I can rent the basement and upper level to get more cash flow.

I live in the Portland, Maine area and am currently launching my real estate wholesaling business as a short term strategy in order to build knowledge, capital, and a network so that I can eventually start investing in my own projects such as fix and flips, and both short and long term rentals.

You will also have to recapture the 1 year times half and 4 years times 100% of building in depreciation.

Baytown is definitely up and coming - a lot of new builds and old builds being completely renovated.

the financing fees, my client is thinking that he might be better off paying cash for everything instead of financing, but he’s thinking he should do it just for the learning and to allow his company to build creditfrom my perspective I just would like to know if these fees are right on point or if they are expensive. let me know your thoughts thank you in advance.

Important to note that you don't have to go under contract or even make an offer in that time; you just need to formally list a few properties that you would consider buying in your 1031. 

So we would definitely have to build some trust among the group before we went that route.

One of the most important things to start out is building your team.

We are hosting a real estate meet up monthly in Barcelona and meeting a lot of people with the same questions and need of building there contacts.