I can tell anyone who cares to listen firsthand that when someone wants to rip you off, and you didn't do better due dilligence up front, and didn't take steps to protect yourself your best bet is to get over it and move on.The worst part about that whole deal is to stay wallowing in all that bad energy.

I guess i could say my eyes were openeed to a new world after i read rich dad poor dad and then couldnt stop thinking about what i was doing wrong and trying to get back on track to doing to recover from my early bad habits. well im 21 thinking about startin off in whole saling i already read all of ryans whole saling posts. the only thing i believe im missing is the contract part, may seem like an obvious question but my attorney would be drawing this contract up with a few contingencies while whole saling?

It was pretty bad and the house had some water spots due to the leaky roof.Rehab planned for a month but might be done in 3 weeks.We will try to do FSBO for a week then list with a realtor.The house was purchased for 76K, Repairs 15-20K and ARV of $130K.This has been a busy process but very informative.

This place was in very bad shape and needed work done to make it habitable..

Wholesaling doesn't sound like a bad idea, I am going to have to talk that over with my friend and see whats possible.

Sititng on $200k is not a bad thing.

A lot of people have joined, and even though this company have 3 complaints over a year's period that isn't a bad thing, most banks get more complaints than that on a daily basis.

It wouldn't be too bad if it stayed south say around Colorado Springs. :-)John

Thank you for the piece of advice I appreciate it, I try to be as motivated as possible, but then again you know what society says, REI is tight, inflation makes it difficult, too much competition.To be quite honest I want to do this badly, because I know I have the potential.How ever what would you suggest me?

He told me to be on the safe side and truly avoid red flags I should wait closer to 2 years.1031 exchanges are based on INVESTMENT property that is bought with the intent of an renting or for business or commercial use, in other words not flipping (dealing), so in an audit situation you must be able to show that you intended to purhcase the property for investment purposes but for some unforseen circumstance (job moved, bad spot financially you had to sell).