Purchase price: $205,000 Cash invested: $50,000 Sale price: $349,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Wall Canyon Ct, Sun Valley, NV.

I recently purchased my first property in Cullman, AL (4/2 single-family home).

Why do you think purchase contracts are so long and have such small print?

I use them all the time for purchasing properties.

I was using Cozy, which was purchased by Apartments.com in the last couple of years.

I'll get right to the point: I'm not sure how much I need to reinvest to do a 1031 and how much of a purchase price I need to purchase at.

Purchase price: $200,000 Sale price: $220,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mike Hardin, successfully completed a quick sale on Pin Oak Dr, Perkiomenville, PA 18074.

Purchase price: $165,000 Cash invested: $35,619 Sale price: $294,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Ryan Phipps, successfully completed a fix-and-flip on Powder Branch Rd, Johnson City, TN 37601.

Purchase price: $275,000 Cash invested: $67,150 Sale price: $365,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Oak St, Galt, CA 95632.

Typically the opening bid is equal to the amount of taxes due plus costs.To redeem a property, the owner or interested party must pay the purchaser the amount the purchaser paid at tax sale, plus 20% of that amount.