Investment Info:Single-family residence buy & hold investment.

•Be cautious about buying “as-is” or waiving inspections just to get a lower price.

Otherwise, get a HELOC to access the equity to buy a home in AZ.

A 1031 exchange is for selling an investment property then buying another investment property. 

@Chase AlexanderRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Now, I never buy a property without at least 4-6 months reserves on hand.

@Ming HuangRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

😊In other cases the ambiguity made it almost impossible to buy and insure. 

Is there a buy out plan?

We were able to negotiate a buy down on the interest rates.