Median sale prices for Melrose (single family homes) in the last 3 years are as follows:2024 (year to date): $590,0002023:     -->              $535,0002022:     -->              $502,500With interest rates expected to drop several times from the end of '24 into '25, many believe that property values will continue to rise.If you are concerned about tenants not paying, I'd recommend:- Do not rush into accepting a tenant.

Also, don’t rush—start small, reinvest your profits, and learn as you go.

Providing all data needed upfront and application completed asap is crucial … getting title / escrow / appraisal ordered on a rush is possible as well 

As such, planning ahead and working with a cost segregation firm that is highly experienced with 1031 exchanges is key.Definitely reach out to your CPA and/or certified cost segregation professional. 

I get that getting approval from the other residents can be a bit tricky, but it’s great that you’re thinking ahead about the shared spaces.

I have every empathy for folks who are hurting especially from instances that are from outside of their control, but filing bankruptcy to get out of debt that she chose to sign up for and promise to pay for the sole purpose of getting ahead faster (her story, not mine) seems less than ethical and Bigger Pockets promoting it is questionable.

When mortgage rates come down this fast by 1% the buyers rush back to the market causing bidding wars!

Trade skills are lucrative these days, can easily lead to you building your own business, and will put you miles ahead when it comes to flips and rehabs on properties.

When half of the responses are DON’T EVER and half are GO AHEAD NO PROBLEM that should make an intelligent buyer pause and think about how that could possibly be.

You asked about a property you have listed for sale and property taxes that are coming due and the consequences of not paying them until the property sells.Generally, the local taxing authority will impose an interest penalty on any unpaid balance after the due date with a long grace period before you would have to worry about unpaid property taxes affecting your ownership of the property or your ability to sell.In all likelihood, the property taxes will become a part of the closing and will be deducted from your proceeds at the time of sale.By the way, property taxes are always in first lien position ahead of any other debts like mortgages.