I don't have an answer, but now I'm following this.

Purchase price: $550,000 Cash invested: $145,000 Sale price: $915,000 This was a home run for a long term (5 years) buy & hold investment property (I specialize in this area). - Initial investment of $145K (DP+closing)- It had one tenant for 5 years and 3 months (no turnover), and the tenant paid off the mortgage and expenses in those 5 years.- I spent around $30K to do upgrades before selling.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?

This person will take calls from you and, if needed, willing to meet you at the property.2. family sport This asset benefits everyone.

👋🏽Welcome to the biggerpockets forums, I see you are from Hammond, Indiana which is a great area to get familar with including other portions of NWI.

They can do this as 1031 exchange, which is also known as a consolidation exchange.

Quote from @Aaron Rushton: Hello everyone!

A HELOC offers flexibility and interest-only payments but can be risky with rate fluctuations.

Quote from @Melinda Vaughn: Hi Fiona!

I purchase the land from a local jeweler who I tracked down at his business and asked he was interested in selling.

Just from my experience.