The sale of that first flip was so good he moved his family into 2 caves and kept one.

It works out the same, likely safer as well.I’ve stopped tax sale by showing the city a copy of the contract, never got a discount for the seller as far as I can recall.

I found a house that's on sale for 80K in an area where houses have sold for 110-120.

Most condo boards like it when apartments are renovated as that typically raises the sales prices in the building but in smaller boutique condos where everyone will hear the renovations and be affected by water shut downs, etc, that might not be the case.

But realtors should know and feel safe charging the full 6 points to the sale, because its like pulling teeth to make consumers understand the true gravity of such a Massive "Tax Free" Equity Savings this can be!

If you haven't - you may not be eligible to defer your taxes.You purchase price of the new acquired properties need to be above the selling price to defer all the gain.The sale without a 1031 will result in capital gains tax(0%, 15% or 20% depending on your tax bracket).The state will also tax you for the gain.

And then when you complete the sale of your old property you "purchase" the new property from the EAT. 

If you were not licensed when you originated these deals, you are not procuring cause of the sale, and not entitled to the commission. 

Look forward to learning more and to contribute to this awesome community.Thanks,RomelHi Romel, pleased to meet you.Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, “Subject To”, apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc.

@Chris Seveney  that's interesting.. lets say you buy a rental for 100k with minimum down  20k.you make 150 a month cash flow ( realistic numbers unless you value add or get some smokin deal)something happens and you need to sell in 5 yearsyou bought for sake of argument in a non appreciating market as many on this site admit they are fine with.. now you go to sell.. 60 X 150 a month = 9k   you have 10k in sales costs.. figure 6% plus closing cost plus seller credits and honey dews on the house plus it makes the math easy.so you net 90k  add in your 9k positive cash flow your at 99k... so just about break even but now your had to recapture 15k of deprecation and pay tax on that lets say 5k for easy math.. so now over a 5 year hold your 150 a month Coc really has a negative IRR since you lost right at 6K of actual cash and your only gain is whatever little principal pay down you got on your longer term note.Do you think I have that right.. only reason I bring this up is I sold a bunch of my rentals and that recapture hit me hard personally.. but I just wanted to reposition to notes as I am not a very good landlord..I think this is why if you think my numbers are correct.. that folks need to accelerate pay down so that you can pay these off quick so if U do need to sell and most people sell every 7 years stuff happens they have some true equity. or at least some cash coming out of the deals.