Not having any idea as to the potential expense involved in foreclosing especially if the borrower file a bk8.

While some less experienced Realtors may shy away from courthouse sales due to the complexities involved, I recognized the tremendous potential this presented and dove in headfirst.How did you find this deal and how did you negotiate it?

Plus, I get to deduct legit business expenses and also depreciation on my taxes.

Plan to be busy next year.

(I admittedly dont fully comprehend the implications of him cosigning) He assured me that he would not be involved and that the .5 point goes directly to him as a finders fee.

Unfortunately not, Gabriel. 1031s are quite strict, and involve equal “equity” deployed in order to persevere the gain deferral.That said, if you’re okay with realizing *some* capital gain on boot / mortgage boot, you can pull *some* cash from the 1031 exchange.

Does posting on these forums lead to business engagements for myself? 

Below is a rough outline for both a buy/hold and flipping business.

Plans to were announced last month to invest $2B into the cities airport in anticipation of the population/business travel growth. 

I would recommend starting slowly with one purchase and building off of that as you learn the business.