Memphis would also enable me to use a turnkey provider if I wanted to go that route for my first property.

This enabled me to make a cash offer and quick close.

Here are some key players I'd recommend having on your team before making a final decision on the best path forward for you:* Your financial advisor - ideally a fiduciary, fee-only CFP Professional who works with real estate investors* Your CPA - ideally real estate-savvy* A Qualified Intermediary (to help you assess whether a 1031 might make sense; again, there are more passive 1031-eligible options)* An attorney - ideally, one who can help advise on different kinds of trusts and the implications for eachCheers!

Retired assets are not subject to depreciation recapture, thus enabling you to save even more on taxes.This is a list of some ways to avoid recapture:Move into the property for at least two years before selling it making it your primary residence to eliminate capital gains tax1031 Exchange: swap one investment property for another and defer capital gains taxes721 Exchange: exchange appreciated real estate property held for business or investment purposes for units in an operating partnership that will be converted into shares of the real estate investment trust (REIT)Place the property in your estate and when it passes to your heirs, they do not inherit the deferred depreciation recapture or capital gains and instead inherit it at FMVWhat are your thoughts or questions on depreciation recapture?

You just never know how auctions are going to go, or who the players are going to be.  

@Steve Vaughan    Zimple money  works well.Wells  state of washington has some of the most contract servicing rules in the country.. ergo there are lots of them in this state.. check on line you will see.the reason Steve can have his bank do it is he is a big player and they service their top teir clients :)

It may not be that they were bad at doing one thing, just better at doing another.I wanted to be a professional soccer player.

Commencing small enables you to acquire expertise and understand the ins and outs of being a landlord.You're already on the right track by acting; keep in mind that the initial move is frequently the most important.

Good evening I am looking to foster the best deals in los angeles county, for everybody buyers to sellers & I would like to start networking more meeting with more players in the game cash buyers sellers but also people in between in the community here and just start building more relationships any advice on where to go for meetup’s what social media groups to get into and things of that nature I would appreciate any comments :)! 

This powerful approach allows investors to recycle their capital, enabling them to acquire multiple properties and generate long-term wealth.