Purchase price: $42,500 Cash invested: $40,000 Sale price: $270,000 Double wide in RV resort with rental spot that had great view of water and high square footage of parking.

That means that after 45 days, you still have wide leniency to negotiate the best possible exchange and close within the time limit.Furthermore, the properties that the IRS defines as “like-kind” don’t have to be identical.

@Adrienne Green @Chloe Kim This is a topic I've seen come up before that falls into a little bit of legal gray area, and I've seen interpretations of the laws vary widely.

Hello BP,I started looking for small multifamily properties in the $300k-$600k price range and There are a few things that are a little unclear to me: A little about myselfI am a self employed and have been working in brokerage. 

However, the wide known strategy of each partner taking advantage of a 10% down payment tells me some people are taking advantage of this. 

Like the ones I looked are within 3 hour driving range.

Having a wide base of knowledge will help as you look for your first deals.Read about creative financing (no/low money down), read about hard money, soft money, and all the other money feelingsBasically, read read read!

I am definitely looking for cash flow as soon as possible, so maybe I can lower my price range and instead of financing 96.5% I’ll finance 90%

As you will see LLC's come with a few downsides, especially when you are not in the million dollar range.

As another local LA licensed general contractor and RE developer, I agree with this assessment and would only add that the range will vary depending on size of build out as well.