3. 1031 exchange - When you sell the property the portion you used as an investment can be used in a 1031 exchange - A process through which capital gains tax may be deferred while selling and buying an investment property.Advantageous financing, Tax free income from the sale, and indefinitely deferring the tax on the rest of the sale.

Hello, I got my first property under contract to wholesale via a purchase and sale agreement between me and the seller.

Most of these homeowners are in some sort of financial duress and are depending on the sale to rectify their situation.  

A short sale? 

If you've been reading up on wholesaling, then you know you can use several strategies to find deals such as direct mail, bandit signs, driving for dollars or searching sites online like For Sale By Owner or Zillow.  

A newbie got a question here, so thanks in advance for all answers.I am curious if rent paid by tenant is subject to sales tax. 

These low-value condos can be tough to sell and the reason these deals get broken like this is because the developer tries a sales strategy and fails, opting to just keep the rest. 

I did contact the agent I originally purchased with and am working unofficially with him to get quotes for kitchen upgrades before prepping the building for sale.

I don't want everyone coming to me always.The only bad thing is I've had sales people come and go, and that's what we primarily use the Facebook profile for is marketing for rent and for sale.

That might change things if you could sell that one tax free.What would you do with the money from the sale of the first one?