Transition to a new property procedure

[Ariel G.]

Hi everyone

1. I was wondering, what's the most eficient procedure for the transition of one property to another.

Meaning, you plan to sell one, and buy another one that you seem to consider a better investment. Would you sell, wait to get all the cash, and buy the other one, or would you do some transition between that in a way that you would do some overlapping instead of waiting for it all step by step done. Whats the most efficient think to do?

2. Another think, is there a way to transfer your mortgage from one property to the other avoiding tough work and operating costs?

Thanks!

Ariel.

[Austin Youmans]

Look up 1031 exchange which let's you not pay taxes in the sale if you use that money to buy another investment property .