@Brian Scott, you have the option of using a 5% down conventional multi family loan purchase for your next primary residence on up to 4 units.

That would determine if I invest in my primary vs saving for another.

Just be aware that this adds another layer of complexity, and you’ll want to check with both your lender and a real estate attorney to make sure everything is set up correctly.When it comes to terms, owner financing gives you a lot of flexibility:Interest rate: You want something attractive to the buyer but that compensates you for the risk of holding that second lien.Repayment schedule: You can choose a traditional 15- or 30-year schedule, or go with something shorter if you want to be paid off sooner.Balloon payment: Many owner-financed deals include a balloon payment, meaning the buyer pays off the remaining balance after a set period (usually 5-10 years).

I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.

3) can a 250k exemption from sale of primary residence be claimed in the same year as a 1031 exchange for a rental?

Make sure you’re comfortable with that risk.If your primary goal is tax benefits, transferring the property may not be necessary.

Looking to add about 700sf on to the main house, to include a primary suite.

Still have not figured out the difference between this and a traditional syndication?

I have two properties right now, my 1st home (currently rented) and our primary home.

I had a client come to me just yesterday to manage their property that I had to have a real heart to heart with.I asked them what their primary goal was (cash flow was their answer) and what the projections were that they used to make their purchase decision.