Eliminate debt, establish a budget, and save.

This includes credit, criminal, and rental history checks for all parties.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

If it were me, I would buy cash flowing, seller finance deals, keeping my debt to income low, low down payments and negotiate competitive terms.

So he needs to be more ITM than  the 1.25:1 ratio.With that said, to answer the question-- figure out your debt or income.

Do DSCR loans qualify if purchasing through 1031 w/debt-carry-forward requirements?

Originally posted by @Kathy Fettke:Account Closed and like I mentioned earlier, we found out about their shenanigans very quickly, so only a handful of people contacted them, and we immediately removed them from our referral list.this has happened to all of us in the industry myself included..

That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.The $1,000 a month includes incidentals for maintenance and taxes etc.

Love getting the person that has zero debt to start the game.

Get a signed bill of sale including the furniture at closing for tax depreciation.Communication is key!