Hi Max Toler I believe you can 1031 exchange these mobile home(s) to defer capital gains tax and move to a greater than or equal properties.

, to fund the rest of your rehab - and they take the property as collateral if you default; (2) go to your local REI, build connections, tell every single person you are looking to flip a property and that you will bring them the deal and split the profits in exchange for their money and experience; make them feel your passion and energy; depending on the person, you might get 50% profit if you have it under contract, perhaps lower - asking for anything over 50% would probably be offensive;(3) Use your own money.You need to seriously get creative to get a few deals under your belt and develop your lender network (this could be anyone, friends, family, HML, private lending).

(Don't make the mistake I just did and make sure you have a 1031 agency ready to take the 50k and hold it for you for the new purchase!)

Luckily, I am not looking to buy at the moment, and selling without a better place for a 1031 is also not in the cards now.It is interesting to be coming across these little nuances like Rita and the utilities that can only stay in the owner's name.

Where this gets tricky though is if you are 1031 exchanging your property.

You gave the example of your aunt giving you 100,000-well she would have to have an annual income of 1.2 million in order to give all of that to you in exchange of securities in your REIT.

Maybe you can point me in the right direction with starting  on my first set of rentals from a 1031 exchange we are starting with about 400,000 maybe more .

Which 1031 service did you use?

Do you want higher cash-on-cash returns in exchange for debt on your properties?

Over the last ten years we have consolidated our portfolio more and more geographically, meaning anything that was more than 20 minutes away and not in at least a B- neighborhood got exchanged into something better an closer to where we live nort of Milwaukee.