Additionally, holding a real estate license as an investor not only saves on commissions but also provides valuable access to tools like the MLS, enhancing your capabilities as a wholesaler.Feel free to share where you are located—there might be exciting opportunities waiting for you!

This is all very possible if you own a free and clear rental.

Good luck on your journey and feel free to reach out if you ever need any guidance or advice.

That gave me a bit more comfort because I wasn't sure if I'd have to fork out for an attorney before I could bid and I was wary of potentially bidding, not winning anything, and then being out of pocket for legal fees.Feel free to PM me if you want more attorney details.

The risk here is what if I can't pull my money back out and don't get to cash out refi the amount I want.

Purchase price: $400,000Multifamily duplex in Merry Oaks, each unit is 2 bedroom and 1 bath, this transaction was a Judicial sale sold as is and was subject to 10 day upset bid period with Mecklenburg County w/ free and clear title, 6 months later & Zillows zestimate is $577,100 before any repairs or updates have been made. 1827 Merry Oaks Rd, Charlotte, NC 28205 📍#realestate #realtor #investing #property #houseflipping #realestateagent #biggerpocketsWhat made you interested in investing in this type of deal?

But a 1031 exchange is designed to free you from that death trap of taxes. 

Guys like Me, Matthew and Dan have a higher risk tolerance and more experience.

Balancing the cost and the risk while keeping your property in good shape is the game here, so take it step by step.

Hi Stephan,  I use nreig.com for builders risk insurance.