And if you're not wanting to be a land lord any more then a move to something like a DST (Delaware statutory trust) or Tenant In Common (TIC) give you an alternative that provides well within the same returns as your index fund these days while still maintaining the tax deferral of the 1031.

@Hjalmar De Boer We have a very strong long term rental market in the area are wanting a second home in the area for vacationing and retirement destinations, but they may not be completely ready to go forward with a purchase.

My plan is to pull some equity out of the property to buy a house hack closer to work and make 2 more deals this year in the Philly and Delaware valley areas.

I’m down the road in Wilmington DE on Concord Pike if you ever want to chat more about them. 

@David de Luna, when I sold on contract, I had an attorney do the paperwork and disclosures and had the attorney hold the deed. 

@David de LunaYou are referring to what’s know as either a contract for deed, or a land contract.

@David de LunaWhere did you get the 5% RTO stat?

I would love to network with some investors in the Delaware county and Philadelphia areas and learn more about how to successfully perform the BRRRR method in these areas. 

Your parent company should also be formed in a LLC friendly State; such as Delaware or Nevada.

We are hoping to have a fractured condo project under contract to purchase in the coming days/week and I was curious who on BP has executed a condo de-conversion before?