A developer must roll these costs into the basis of the property and then recognizes income based on there exit strategy.

However, we recognize that we are wet behind the ears and may be over simplifying some things.My big question is how much of a discount would be needed to end up in the green in this situation?

I have always enjoyed doing real estate deals and having picked up some knowledge along the way through books and experiences, I readily recognize the huge amount of valuable information available in this online community.

Limiting oneself to one niche can be restricting unnecessarily sometimes.

Hello all,I've been lurking on the site for a while now but just never seem to get around to posting.My name is Ryan More and some will probably recognize me from the local networking events.

@Jonathon Bonck, generally once property tax appeal successful and taxes reduced, all you need to do is print a copy of new tax bill and send to lender, and an escrow adjustment will be made asap.I prefer to be proactive rather than waiting for lender to recognize new tax bill.You might even be given a check for overage if too much $ is left in escrow account.Good luck and I recommend that investors protest their real estate taxes every year until they are zero:)

I guess what I am saying is that I recognize that as a wholesaler, I am in the business of finding good deals for other investors, not deals that I want to make money off of.With that being said, I am still quite ignorant of many of the aspects of investing, so I fully intend to keep posting in here.

(Edmonton AB area  - if you recognize the name reach out!) 

that could be used to purchase more real estate using a 1031 exchange rather than recognizing the tax and paying the gain. 

We aim to outsource (virtual assistants) all duties that can be automated (analyzing markets/properties, marketing, data entry plus other tasks that we recognize).