Migration data from the Internal Revenue Service, or IRS, show that as of tax year 2014, the average income of taxpayers leaving Illinois was $77,000 per year compared to an average income of $57,000 per year for those moving into Illinois.

Luckily I am married and my wife has been frugal, and among other things she does, she has been saving money for about 25 years.  

The issue is that the "seller/taxpayer" must have had the intent to hold the relinquished property for rental, investment or business use.  

But once you're over the income limit ($150k if married) then you may not take those losses. 

@David Fritch, It sounds like your LLC doesn't own real estate and owns an interest in a tax paying entity that owns real estate.  

If you are married and file a joint return, the tax-free amount doubles to $500,000.

We are Julie and Jason Rhodes, a married newbie team from Westminster, Colorado that are starting a journey towards financial freedom through real estate investing. 

Moving to New England to eventually marry my girlfriend.

I'm 31 years old, married, have 2 kids and a homeowner.When things started to go south at my current job about 2 months ago, a friend introduced me to the idea of "wholesaling" real estate.

My wife and I are married with no children so we want to do this with 2-3 properties in the next 4 years while acquiring additional rental properties.