Ben Kinney's Stategy 20% - Extra Cash Reserves (Emergency Savings fund) 20% - For Buy and Hold Real Estate 20% - Financial instruments (retirement and 401ks, ways to defer taxes) 20% - Businesses to invest in that other people run (property management properties, becoming a hard money lender, stocks) 20% - CharityBelow is a graphic how I currently divide my personal income and assets.

Please let contact me if you would like there contact info as they have been instrumental to our operation and growth.

@Donn Montenegro, not without either paying some or all of the  tax or accessing a debt instrument. 

The contract is a legal binding instrument and there are consequences for bother buyers and sellers.

Janna Walsh with Mikki Moves was my agent and did a fantastic job helping me purchase site unseen and Tara Johnson with Summit Funding was instrumental in helping me make sure my finances were in order for the VA Loan.

At some point in time 1031 into a nice house you later convert into your primary residence.  1031 into totally passive 1031 compliant instruments that simply provide cash flow to you from not only your principle but also all the deferred tax.Whew!

Hello EveryoneIn using the BRRR strategy, when you refinance, what is the financial instrument that you use ?

More importantly, what sort of contract or legal instrument or security instrument could I use to make this deal happen?

(I)(1) The terms "real estate broker," "real estate salesperson," "foreign real estate dealer," and "foreign real estate salesperson" do not include a person, partnership, association, limited liability company, limited liability partnership, or corporation, or the regular employees thereof, who perform any of the acts or transactions specified or comprehended in division (A) of this section, whether or not for, or with the intention, in expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration:(a) With reference to real estate situated in this state owned by such person, partnership, association, limited liability company, limited liability partnership, or corporation, or acquired on its own account in the regular course of, or as an incident to the management of the property and the investment in it;(b) As receiver or trustee in bankruptcy, as guardian, executor, administrator, trustee, assignee, commissioner, or any person doing the things mentioned in this section, under authority or appointment of, or incident to a proceeding in, any court, or as a bona fide public officer, or as executor, trustee, or other bona fide fiduciary under any trust agreement, deed of trust, will, or other instrument that has been executed in good faith creating a like bona fide fiduciary obligation;(c) As a public officer while performing the officer's official duties;(d) As an attorney at law in the performance of the attorney's duties;(e) As a person who engages in the brokering of the sale of business assets, not including the sale, lease, exchange, or assignment of any interest in real estate;(f) As a person who engages in the sale of manufactured homes as defined in division (C)(4) of section 3781.06 of the Revised Code, or of mobile homes as defined in division (O) of section 4501.01 of the Revised Code, provided the sale does not include the negotiation, sale, lease, exchange, or assignment of any interest in real estate;(g) As a person who engages in the sale of commercial real estate pursuant to the requirements of section 4735.022 of the Revised Code.(2) A person, partnership, association, limited liability company, limited liability partnership, or corporation exempt under division (I)(1)(a) of this section shall be limited by the legal interest in the real estate held by that person or entity to performing any of the acts or transactions specified in or comprehended by division (A) of this section.

The Texas Association of Realtors are one misstep away from loosing their charter in court with that instrument and it gets more one-sided each revision.