First, most attorneys will be familiar with short sales and working through the purchase of properties where the foreclosure process has been initiated.

How do you plan on purchasing and in what area?

The best places to invest go off of your intentions, price point, and then the one's likely not discussed publicly.

The group we purchased from came in and did a beautiful high end renovation on all 100 units.

Purchase price: $200,000 Cash invested: $34,000 Sale price: $325,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Linda Street, Delhi, CA 95315.

Once when the replacement property is purchased and held by the 1031 Intermediary in an entity for you and once at the end when its finally transferred to you.

Purchase price: $40,000 Sale price: $60,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Karen Schneyer, successfully completed a quick flip on Safford Street, Bennington, VT 05201.

Purchase price: $120,000 Cash invested: $12,000 My old residence, I moved to a different home to get better financing options to make this one a rental.

Purchase price: $132,000 Sale price: $135,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Zachary Clemmensen, successfully completed a quick flip on Park Street, Saint Paul, MN 55117.

Purchasing the right home every 2 years, then renting it out to someone and purchasing a new home.