Appraisal for our house value $ 200,000Step # 1 - Cash out refinance $ 140,000Step # 2 - 1031 sale of the house for $ 200,00, so we pay back $ 140,000 to pay off loan for Cash refinance.What happens with $ 60,000 left do put in escrow or third party and now we need to buy new property for $ 200,000 or higher to avoid capital gains tax?

Trying to find one that I can put in multiple debts, and play with extra principle payments etc etc 

4.They guarantee you, you will have your first offer accepted in first 30 or 45 days I believeCome on… There are millions of listing in the mid-west region, all their listings are from Zillow… Basically everybody can do that by themself… The biggest point is, all the houses in these regions are old houses with tons of issues… I bought a house with crack foundation, that fix costs me $12k…(All because I trust the Agent telling me the contractor will help us to do the inspection and we save that $500 inspection fees)So buying a houses in these regions are really easy, it is just there, the biggest thing is you need to have the team and source to inspect these property and fix the problem on the property.Unfortunately, in FlipSystem’s advertisement they never mention this part, that’s like putting the inexperienced people into the big RISK!

I also think many buildings I view are super outdated and I view the landlords as just milking the buildings and not putting money back into them so I view it as buying someone's else problem.

Take a look at this great post that Real Estate Bees put out today!

Hi Kasey,If you plan to scale a portfolio, over the long run it would make sense to put them under the LLC.

The HOA association put a lien on the property and it went up for foreclosure auction.

So, I felt if I'm going to put in the work, it might as well be for the benefit of myself and the people I love. 

You may want to put a stop to this before you get dragged into litigation.

I also assume ( never thought of it, ) when you are putting it under contract with the seller there is also more docs .