exactly correct. land cost drives everything and location. before we vet any deal in columbus or any market we look at land cost, tap fees, plans, rezoning fees, and then exit price as well as what the property will sell or rent for. that's why we build as small as possible units for single family and houses under 25% of the average size home in our market 

The owner is selling FSBO and told us an asking price of $500K.

I have had a few investors who typically flip and sell decide to flip and rent for a couple years then sell to make the most of their investment.

The SEC will view this as selling securities.

@Joseph Bui you mean you're happy to connect someone with YOUR team, so you can sell them something?

Definitely have an exit plan to replace the funds from the HELOC - sounds like yours would be to sell the property and pay the bridge off.

That's the way you have to sell it to the Broker, is that it's going to bring in additional revenue and lead sources.

Will he still have to pay capital gains if he sells? 

Hi, I'm a relatively new investor - I currently own one duplex that's fully rented, and have one completed flip property on the market to hopefully sell soon.My next step is partnering with a family member - an uncle - who has expressed an interest in providing me with financing to help me scale my business. 

I am looking into selling my STR in TX using "subject to the existing financing" while utilizing a 1031 exchange into a new investment in MN.