no one mentioned doing a 1031 on a flipped property. all we are talking about is passive income through rental properties

Has anyone heard of the Robert Allen Institute? Please tell me what you know about this organization. Thanks.

Well great then. Good luck with it. I will happily remove my post from your thread.

hey no disrepect ment. i didnt mean to come off rude

Homes that are flipped (bought solely for the purpose of immediate resale) cannot be sold on a 1031 exchange. The guidelines are somewhat fuzzy but typically the minimum amount of ownership needs to be 1 year or you need to be able to prove that the home was originally intended to be used as a rental and that circumstances dictated a change of mind.

If you can get going decent try to buy your rentals 10%-30% below market value, then sell via the 1031 exchange every year or two depending on your interpretation of the 1031 exchange guidlines. If done correctly you could have a paid off rental property in under 10 years all bought with tax free money.

You should also look into a self-directed IRA for the purchase of real estate

Eric Medemar