Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

50
Posts
20
Votes
Latimer Luis
  • Rental Property Investor
  • Antioch, CA
20
Votes |
50
Posts

New construction - $40K in equity - any financing advice?

Latimer Luis
  • Rental Property Investor
  • Antioch, CA
Posted

I am in contract on two newly constructed townhomes, to be completed by the end of the year. My original plan was to 1031 into these properties to take advantage of the equity I've built, but the cash flow on my current rentals are actually really good and so now I'm not so sure this is a good plan. 

Contract prices are $289 and $293K, with the more expensive one being an end unit. Current comps are between $330K - $340K based on recently sold townhomes in the same complex. 

My goal would likely to be to do STR in one and long-term in the other OR STR one and flip the other. It is in a STR-friendly market.

Are there financing strategies here that I can use to fund these properties without having to sell my current ones? 


Loading replies...