You can only use a 1031 exchange for investment properties, not a home you live in.

Can anyone provide any insight has to the success  rate of investing in Texas? 

I think there is so much value in having a supportive network, so I'm looking to set up a monthly lunch for us to exchange ideas, tips, and encouragement.

I’m now venturing into new opportunities to expand my expertise and grow my portfolio.I joined BiggerPockets to connect with like-minded individuals, share insights, and learn from the incredible wealth of knowledge this community offers.

This will provide a better reflection of the property’s true market value based on its current use.DM me if you need more insight

@Tom Craig,Glad it provided some useful insights into alternative methods.Eric is still off track - I still don't know what he's doing. 

Otherwise you could be wasting your time.I have clients from CA and NY do exchanges in GA and other states.

Your biggest problems here are going to be how to properly qualify someone, what to do if someone stops paying, footing the bill if you have a big repair item, finding quality and reasonable vendors/contractors to fix things, and keeping track of payments.If this isn't you, give me some more context of where you're at and I can give some better insights. 

Thank you for the insight Corey, definitely gave me some things to think about! 

It wasn’t just about the property—it was about the lessons she was teaching her kids along the way.During the drive, she shared valuable insights with them:• How real estate can generate income.• Why patience and hard work are critical to success.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?