Or like your plan use it all as a down payment on a much larger property.  4.

Having milestones (or checkpoints) is needed when having larger goals to ensure you are on track and keep you motivated.

Quote from @Michael Brzozowski: If you need renovations once you decide on something, im contractor currently looking for investors to work with:) I will keep this in mind.

If I do the renovations, probably a bit more, though I’m not sure how worth it that would be.

I believe it is a larger issue than what we define as the economy, which is mostly measured in corporate profits and Wall Street performance, this is not what the average person perceives.

After undergoing a complete renovation, I sold it in 2018.

Even brokers in a rush to make quick money sometimes partner with unethical lenders, further perpetuating these issues.In real estate investment, we are all part of a larger team.

Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?

Purchase price: $232,000 Cash invested: $200,000 Sale price: $575,000 I purchased this single-family property and undertook extensive renovations, including excavating a new foundation and reframing the entire two-story house.

With no renovations needed, the home sold the same day for $220,000.