This process has some problems: it takes a few months to get a response from the IRS and you have to submit a copy of the contract for the replacement property with the notice that the seller intends to complete a 1031 exchange. 

Currently in the phase of buying my first property and needed some clarification if I’m getting screwed or not I’m in Rome, Ga and that is where I’m purchasing the home it’s a flip that was a 3 bed 1 bath but has been flipped into a 4 bed 2 bath the asking price is $214,900 originally 230k but the seller wants a quick sell my agent told me we should give them the asking price and ask for them to pay 5k closing close I wanted to ask for 190k and same closing cost but agent said they wouldn’t take us serious so I agreed to agents terms as I’m signing paperwork electronically I see closing cost is 17k since seller is paying 5k brings it down too 12k but being in Georgia I am approved for Georgia dream which covers closing and some of down payment now when I sign at closing I have to pay 6k I’m wondering why is closing 17k my friend bought a property his closing cost was only 10k granted he bought his property for 189k but I feel like my agent isn’t really trying to get me a good deal should I back away from this property, find a new agent, go through with this purchase, or am I getting screwed in the process? 

Have tanent who paid rent for continuous 3 months ( June - sept) in 2023 but didn't pay rent for rest of the year and didn't leave the house and end up with eviction process, so for rest of 3 months of the year we didn't receive the rent.So in Schedule E form.

He was very system/process/automation oriented, enthusiastic, and well experienced.

For the life insurance route you need a policy structured in a certain way AND for the policy to have been in place for a period of time for it to have the value you need typically.  

Reviving an older thread here -- so how do you investors actually structure the legal partnership with your GC? 

I am a big fan of maintaining a performance dashboard in my other business (Veterinary Clinic) as I structure it to show in both chart and graph form my progress in various metrics over time for my business.

I'm curious about your experiences with tiered commission structures for listing agent  – do you use them, and how do they work for you?

Christine Hi Christine, You can structure this on a fix and flip loan, and have the Construction budget held back 100%.

But as a loan officer I have not been able to successfully close due in part to the subject properties and in part due to the 203k process.