Their lender explained that they could instantly qualify for a house hack, and they were off to the races.

But a good 1031 professional is going to not only be an instant resource for you to relay questions and answers to but is also going to raise investors perception of you as a competent professional in the field.Even an experienced broker is probably not going to know all the ins and outs. 

Or the Block Industries case from the Summer of 2017 where the Tax Court unraveled a “Magical Options Contracts Make Roth IRA Instantly Huge” scheme.

It’s a great way to buy a property in Westchester given the high prices and you can build some instant equity with renovations via a rehab loan if you like!

Plus have an instant 20k in equity.

I love the thought of the instant 40k equity on the home the only thing that confuses me is the couple comps I was able to find all were sold around 230k about a year ago.

I love the thought of the instant 40k equity on the home the only thing that confuses me is the couple comps I was able to find all were sold around 230k about a year ago.

The last time I called to verify one, the first person to answer the phone instantly knew what I was calling about, and what to check.

- Put 5% or 20% down on new home.House in my area are renting for at minimum 1k more than what my mortgage currently is so I will instantly cash flow.Can you fine people please poke holes in this plan or offer advice on how to expertly execute a plan like this?

You can buy it below market, put money into the renovations, and then have a home with instant equity and stronger cash flow.