All Forum Posts by: Kyra Ames

@Dave Foster and @Mark Creason, thank you so much for your posts...Dave, you mentioned some great ideas to start thinking about!  Much appreciated ; )

Kyra

Thanks for your reply Milton. To answer your question on financing, we're going to pay for the construction costs with cash from our primary residence HELOC.

Hi, my husband and I are getting ready to use a HELOC on our primary residence to build a 2nd single family rental on a lot that we are having surveyed and separated from an existing rental house. We originally were going to fund the entire construction with the HELOC then roll it into a refinance. However, because we have quite a bit of equity in the first property, we've decided to sell it and pay off the new construction with the proceeds...can we do a new construction 1031 exchange instead?