This can potentially enhance long-term wealth building.Tax Deferral-By reinvesting your proceeds into like-kind properties through a 1031 exchange, you can defer capital gains taxes, allowing you to reinvest more capital.Market Timing-Despite the competitive market, a 1031 exchange gives you a defined timeline to identify and acquire properties, potentially putting you ahead of other buyers who might not be as motivated by a tight deadline.Cons:Lower Initial Cash Flow-Acquiring additional properties may reduce your immediate cash flow, especially if properties in your target market are not as cash flow positive as your current property.Risk of Overpaying-In a competitive market, there's a risk of overpaying for properties just to meet the exchange deadline, which could impact your overall returns.Either one is a valid option, but overall it depends what your financial goals and restrictions are.

You may not have ill intent and you might not feel that you're discriminating, but in the eyes of the law, you did with the initial question you asked and doubled down with this response.

Hi @Kiefer Cheney my initial response is similar to what @chris seveney said.

They will supposedly first pay you back your initial earnest money with interest within four weeks of signing their NEW RELEASE AGREEMENTS as a show of good faith if you get in touch with their attorney (send me a private message so I can send you instructions to get in contact with their attorney), and then the remaining outstanding deposit with interest within two months after that.

This will be subordinate to the existing FHA loan, but you’ll need to qualify based on your credit score, income, and debt-to-income ratio.Home Equity Line of Credit (HELOC): A HELOC could also be an option, offering flexibility in how you draw and repay funds, though it might come with variable interest rates.Balloon Payment Loan: This type of loan can offer lower initial payments with a large lump sum due at the end of the term.

Two months ago, I initiated a Physical Fitness Class, which has quickly grown to 200 members.

Read good reviews from past years and just went under contract yesterday and found out surprise of $6300 in initial investment.

While the intrinsic value of the real property initially seems like a safety net, the reality of the capital stack reveals the risk.

I am a 1031 investor and initially signed with them for Bennah Oaks to hopefully invest with my 1031.

But yes, that requires learning a lot and taking initiative.