Are you betting on appreciation in your investment strategy?

Receiving payment in exchange for space is considered income.The good thing is that you likely have expenses to offset the income.Best of luck

Example: A property was sold in a Sec. 1031 exchange for $1 million.

How the money is distributed at closing doesn’t change your tax situation unless you did something like a 1031 exchange where you would not actually receive any money - the money would go towards another real estate purchase - to which there are a lot of rules. all the best!

Goodmorning Johana,Best bet is we refinance the note and see what kind of terms we can get going on this.Typically can close fairly quickly here in texas using hard money notes.

Networking with other investors is key, and I’m always up for exchanging ideas and learning from each other’s experiences.Looking forward to connecting and growing together!

It was a 1031 exchange.   

This is a single family home and was originally a primary residence before turning it into an long-term rental.Some strategies I'm considering to grow my portfolio are using a HELOC/1039 tax exchange to purchase a second investment property/multi-family property or refinancing my current investment property into a conventional loan to utilize another FHA loan for a primary residence (with the idea of eventually turning that into another long-term rental).I currently have a 7% interest rate, and am considering refinancing in the coming months if/when the rates drop.

Which is true - but the refi is going to cost you $3,000-$5,000 in closing costs again - which actually moves you backwards by a couple of years to recoup those costs at the $200 more per month you will make once rates get back down to 5.x%.My bet is that unless you can find some seriously undervalued real estate that your numbers won't look pretty at 8% interest (all in).  

When you do a 1031 exchange, the property you purchase must be a like-kind investment, meaning you intend to hold it as a rental.