This is probably one of those things I should just go ahead and ask my CPA, but I thought I would see what the experts here thought first.I was wondering if a cash out refi or massive home equity line could be used to shield an individual from capital gains tax upon sale.

I'm currently in the process of trying to find individuals whom I can borrow money from and/or partner up with to build up a rental portfolio.

Ideally I'm looking for someone locally in the Los Angeles, CA area.

On one hand I'm thinking that I should naturally try to get a multifamily property so that I can ideally escape paying or at least reduce my rent.

Looking for a partner or may be in the beginning to become an assistant to a busy RE agent who is looking for help and for a motivated and very much success driven individual.

If things went well, I'd like to buy 25 of them over the next couple of years.I’d pay cash as I went and then ideally do cash out mortgages in groups of 2-4 units.

There are companies and individuals who perform this service.

My advice is to NEVER buy a property without separate metering unless you plan to separate the utilities (install individual metering).Mike

I have taken two of the classes thus far, and am about to take my next two, and haven't taken advantage of the mentor.Eventhough the information was well presented and some questions were answered, I am finding that just getting out there and reading books from libraries, looking up topics on UTube (which somehow linked me to BP), and networking with individuals here on BP, is giving me the same if not more information as the classes.The classes are beneficial; but I think that you could probably find the same types of classes, for much less $$$.A plus for the Rich Dad Academy is that you can retake the class once, and you can enroll in OnDemand (which is just watching the class an hour at a time on the internet).The negative: Once you go to one of the seminars that try to get you to sign up for Rich Dad Academy, you also get another call from their "coaching" system, which is another $$$ (embarrassed to say what it was, because I was roped into this also).My advice; find out the types of investing you want to do, research those topics, and post your questions and leads here on BP.

I deal only with used mobile homes (not the new ones), and buying used involves cash and/or private $, it is very hard to get financing on the used mobile homes.