As I said previously, it generates a tiny positive cash flow.

Jon, i don't have time to devote to 1000's of leads...i'm trying to pursue a music career and use real estate as a supplement..the wholesaling thing is just a way to generate extra income..so i'm happy w/ 100 or so leads even though the most i ever got in a month when i was trying to actively wholesale was maybe 15. who are the NOLA people u refer to?

If home prices rise faster than inflation the next generation would not be able to afford to purchase a home.If the rate of inflation is 3%, wages rise at 3%, instrest rates remain unchanged the home prices should rise at 3%.

Perhaps they could advise you.When I was 26 I bought my first investment property.

Originally posted by "spectrus":I am no expert like John but I can offer a little assistance.A quick Google search on tic tax benefits should give you some answers like what I posted below.A TIC 1031 Exchange allows you to exchange your management-intensive property for an institutional-quality property with the potential to generate steady income, tax benefits and appreciation.Interesting.

I've read some of your posts, and it's funny that the wholesalers seem to stick together on here.What i did to help generate leads, and this might be better in the wholesale or marking section, but I set up an ad for bird doggers in the realestate services section of CL.

Your local RE attorney, lender, or RE agent can advise you of local custom.

If you're managing it yourself, that will generate some additional cash.

The attorney will have a copy of the forms to post and can advise you about changes in wording or additional information you want to post.

After construction prices for the property will be between $160K and $200K depending on square footage.Please advise if anyone is interested in investing.