THE LAND ALONE IS WORTH OVER $650,000 FULL DUPLEX ( 6 / 4 / 4 ) Duplex has been updated on one side and Has active tenants paying $3,250 Month!

I’m considering the purchase of a couple of tracts of land in Wilkes County at a Sheriff auction.  

closed on some land about a month ago and everything is rolling with the bank to build 2 houses, so first year is great, hope to keep the momentum up. 

One must double the basis minus the land for it to fit the criteria of the OZ.

Not the whole ball of wax+ like you do a 1031. 

One thing you failed to account for is land allocation.

We have had a couple tire kickers low balling us, usually we just ignore those emails.

You COULD place the property into a Land Trust with the LLC as the beneficiary with your partner and you as the trustees (managers,) which would help conceal your names from public record.

To avoid the Due on Sale clause you can also put the property into a Land Trust, and assigning that to the LLC - that wont trigger the same alarm bells as the LLC for a bank, allowing for the same financing options you would expect.

What does he care if I got a steal on the land or my cousin is a general contractor or I GC'd it myself?