He may or may not have capital gain taxes, no way for you to know.

We are currently looking for a real estate agent and recs for contractors/handymen, as we think turnkey or small rehabs may be the best way to get our feet wet and gain some experience before getting into bigger BRRRR projects.

Hi @Caleb Franks, If you did not do a prior 1031 Exchange into these properties and your combined taxable gain is only $10,000, you may not want to worry about doing a 1031 Exchange. 

To gain the capital needed to start building our portfolio of BRRRR's.

I prefer to make my large gains inside my ROTH IRA which is an LLC.This keeps me from paying tax on money my IRA makes.My ROTH owns several rental properties that it bought cheap and fixed up.

It makes sense that someone who has gained a following and some sort of notoriety in the RE field segue into selling courses, but I doubt I will ever pay thousands for these courses or a 'mentor' again...

If you are a hands on learner, I suggest going to work for a developer or contractor that works with developers so you can gain hands on experience.

As you gain more experience they may let you only put 10% down. 

First thing is gaining knowledge and experience in the asset class you'll be purchasing.

There is definitely going to be higher interest rates in the future and at some point the lines will cross between your lower rate due to a future higher score and higher rates due to fed movements.Approx. 640, but I could easily get it to 720 if I paid down my credit cards, but I intentionally haven’t been as I’ve been using that money to invest (which was a good idea as I have had 600% gains this year).