I recently found BiggerPockets and I thought sharing my experience with real-estate so far would be beneficial to many of you here in the community.When I was 17, I became the youngest person in the state of Delaware to pass the national and state real estate exams and when I was 21 I became a business owner for the first time.I wanted to tell you these stories for one simple reason: I want to inspire young entrepreneurs that might be thinking they are too young to work on their dreams.Growing up I always had an interest in real estate.

I am thinking about installing solar panels on my duplex.

This is a great cul de sac street and very desirable neighborhood, lovely 1/2 acre lot.

Hi @Senthil Akasham, There are a number of potential strategies you might to consider here if you want to sell and structure some type of a tax-deferred transaction, including:1031 Exchanging into Net Lease Properties (@Joel Owens) 1031 Exchanging into Tenant-In-Common Investment Property (TICs) 1031 Exchanging into Delaware Statutory Trust Investment Property (DSTs)Seller Carry Back FinancingCharitable Remainder Trusts (CRTs) 1031 Exchanging into a Net Lease Property or a Tenant-In-Common Investment Property or a Delaware Statutory Trust Investment Property would allow you to sell your relinquished property, defer all of your income tax consequences, get out of property management in order to eliminate all of the related tenant headaches, and still acquire replacement property with an increase in cash flow.Selling with seller carry back financing would allow you to get out of your current relinquished property, defer the payment of some of your income tax consequences over the term of the note, and get rid of the property management headaches.

If much of your rehab items fall below the $2.500 de minimus threshold and/or unit of property improvement thresholds, they may be tax deductible and you may not have much taxable income for the first year or two anyway.Also, many cost segregation firms also offer free cost/benefit analysis on your properties.  

Hi De - Thank you for the thorough review. 

., which is not quite as simple with a land trust.The only two reasons I would ever suggest a land trust instead of an LLC would be, as people mentioned above, privacy, BUT, (1) that can be achieved with certain state LLCs, like Wyoming or Delaware anyway, and (2) most investors honestly don't care.

The other reason that I am Selling is because I own houses and a farm Rio de Janerio, State and I have to get back down there to start living again.

@Greg Shertzer, welcome to BP.There are many people from the Philly suburbs on BP.I would also suggest attending a meeting and joining a local REIA.The big one in the area is www.digonline.org and there is a DE REIA as well.DIG has sub-groups which meet in Newtown Sq, Collegeville, etc.

@Tonnie Van de Werken / @Rinze Zeinstra and others?