I have been saving for a down payment on a rental property.

She's asking $700K.My question is how do i start the process of obtaining this property without having to sell and 1031 exchange my current duplex.I have not much in savings, and no where near 20-25% for a down payment for the new property.

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Perhaps refinish existing wood floors rather than install new LVP to save money.

Perhaps you can save up for a bit longer so you can afford to purchase your own primary and keep the 3 rentals?

Many of us want to save cash to be able to purchase the next one.

but if you want immediate cash flow - you're better off in a savings account.  

I know this isn't a great deal, but this is where I am currently living and plan to until I can save up and do it all again!

Clients deserve to know the truth upfront, even if it’s not what they want to hear, because that honesty saves them time and builds confidence in the process.

Unless he is trying to get you to paint the entire house, the $1,200 dollars saving in rent is still going to keep you ahead.