I would love to exchange ideas with you.

Each investor might be looking for specific types of properties.I would also expect to be asked about size of deal as well as SFR or multifamliy.IMHO, you were having an exchange with someone new to REI and new to conducting business.

If you do sell, if you use the 1031 exchange process, there will be no tax on the gain.  

This is my first BP post, which I am compelled to write based on my experience attempting to wholesale with a mentor.The background: I signed an agreement with local (Philly) wholesaler that says we must use her LLC, her buyers, and her contract for my first three wholesale closings in exchange for her "mentoring" me.  

Now, you simply have to work on the other elements to progress your REI pursuit.Ok, now that you have taken your initial step, below are some quick links to get engaged. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate Success However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Below are some quick links to get engaged on this site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketsLastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

In exchange for taking on ALL of the debt (and boy was there a crapton of it), I "got to" keep the house.  

He needed a company to purchase the properties and then manage them for him.I was suspicious but exchanged emails and even had a few phone calls with him over several weeks.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.