Scaling After My First Flip - $100k profit

[Alex Nein]

Hey All! 

I am wrapping up my first fix and flip deal and am set to net roughly $100k. 

I am looking to scale efficiently towards the multi family space. 

Looking for advice on two things: 

1.) Maneuvering through a 1031 exchange and options to be able to extend the timeline. 

2.) Do I go big or go home on a bigger deal? Or go for multiple doors? 

Any feedback pertaining to similar circumstances please let me know. 

Looking forward to expanding!!

[Ray Hage]

Congrats on the big win. If you just bought, fixed and sold the property over a couple months, then there is no 1031 exchange. I would just mark up your expenses on paper to avoid the taxes as much as possible and move on to the next project.