There are some important factors that you need to take note of with regards to the 1031 exchange or the Tax-deferred exchange: •One important requirement you need to have if are an investor and you want to take advantage of this 1031 Exchange is that the property you are selling should be significant when it comes to trade or business functions that are beneficial for the people as well as for the government.

Came up with a little mental "que" or montra if you will the other day while driving to help me through those tough mental days, and wanted to share...."

I am considering going outside DFW for my next investment, but not too far (at most a 2-3 hr one-way drive from Dallas).

Definitely speak to your accountant.2.When you go to refinance, the lender will look at several factors - the value of the property, use of property etc.

@Marc ShinThe timeline for completing the BRRRR process can vary depending on a few key factors, like the condition of the property, your financing strategy, and the speed of contractors.

I'd recommend the spread on the return and your ability to replace damaged items (local vs. not local, strength of your team) be the determining factors in that decision.

The current use of the property as a two-family dwelling significantly impacts its value and marketability, which is distinct from single-family homes.The initial appraisal comparing your property to single-family homes is likely an oversight, as multifamily properties are evaluated differently due to factors like rental income potential and investor interest.

The radio example you shared really drives home the point: what works in one market might flop in another, but the key is not being afraid to pivot and learn from it.I also really liked your point about keeping the reps up.

it is technically a real thing but very rare, and there is plenty of historical data out there that shows those who have less skin in the game are at a far greater risk of default by a factor of 5-7x.

The depreciating asset is already factored into my investment strategy.It will take me a little while to save up enough money to get something, so I have some time to figure out what I want to do.