Extremely motivated residential real estate development manager and investor.ExperienceI have been in construction and real estate industry since 2000.Low cost housing development management and urban renewal projectsOwn four properties (3 rentals);Developed one propertySelf-financed one property Real Estate Goals (in four year cycles)2015 – 2019 period: Double the rental properties owned to 8 properties by 2019Write an operations manual for the business.  2011 – 2015: Double the properties owned to 4 properties by 2015Increase in property investment knowledge Create proper financial tracking and monitoring.Register a property company or trustGet into a property club and property mentorship.Get SA property advisors and connections.2007 – 2015 period: Have two properties by 4th year (done)Gain knowledge in wealth and propertyCurrently Seeking+ Single-family properties around Pretoria with a positive cashflow. + Create a property investment club to develop in estates.

My goal now is to gain some real world knowledge as i continue to grow. 

I am looking forward to networking with like-minded people and get out of my comfort zone to gain financial freedom :)!

We also hope to gain new chances to network with others who have identical goals or ones who are willing to share their trials for us to learn from.  

This has no tax impact to you and if you sell the house right away, you do so with no capital gains taxes.  

I am thinking of getting my license to gain more control and maximize my revenue.

You will be able to pay capital gains instead of regular income tax, and will also be able to have some cashflow for that time. 

If you live in one of the properties for 2 of the last 5 years you can avoid capital gains on 225k 500k if you are married- in income on the sale of that house. 

If so, then yes,  you will have a tax-free gain (up to $250k single, $500k married) if you were there more than 24 months.1031 exchange proceeds are to purchase like-kind investment property.  

I want to thank Brian Gibbons taking the time to walk me through the different options I have with a prospective seller.Not only did I gain a better understanding of executing a sub 2 and LO, Brian armed me with the concept of JV with the seller.