I took breaks from listening to the podcasts to listen to the books that the guests mentioned.

We did about $8k of rehab.We put $52k related to the deal in a qualified intermediary for a 1031.We pulled the $52k out and bought anther investment home with cash for $72,500 last month.The HOA won't let us rent it, so we're looking at selling the home.We essentially entered into a contract to sell the home at $105k but with this deal, we'd have to owner finance it.Terms: Sells price $105kDown: $5kInterest 7%10 year termI'm trying to figure out the tax implications of this transaction.

@Joseph Wang you might also want to checkout some of the books on this BP reading list.Best,Andrew

The BP forums, podcasts, books, and meetups have helped me gain a better understanding of how I want to use real estate to gain passive income and eventually financial freedom.

I'm new to real estate investing and just finished "The Book on Flipping Houses" and "E-Myth Revisited"....awesome!

Asset protection is key concept that I picked up from Rich Dad Poor Dad book "Unfair Advantage" by Rober Kiyosaki, and my limited understanding tells me that I should have an LLC to protect my personal assets from the property, that is a cool $800/ year here in California.

BUT THATS NOT TRUE INVESTING IN MY BOOK!

Be sure to hire an attorney with solid transaction experience with a focus on retail leasing - it will make a difference. 

Well, I was thinking that it would have to be a Wraparound Mortgage in order to complete the transaction. 

Hi, I’m new to rental property investing and I have read many books, blogs, and listened to countless podcast.