If you can sell and acquire a better deal to park your money in, execute, but this is easier said than done.

A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.

If you are someone who can only acquire real estate through the use of credit cards, you shouldn't be buying real estate.

I ask because I'm looking into acquiring and launching one in Canyon Lake and haven't found local facebook groups like I have in my home area for STR hosts.

In 2020, Microsoft acquired Quarry Yards (Grove Park) for $127 million but recently paused its plans to develop its proposed campus.

CoCROI should just be: (total yearly cash flow)/(total cash to acquire). 

Looking at purchasing my first property (FHA) there with Lennar and renting it out after a year and then acquiring another primary.

To be clear you are contemplating an LLC for management purposes, not as the deed holder given you already acquired the property?

Even if the intentions are good once these syndicators are capitlized with outside money, there will be carnage as they don't have the operational expertise to deploy and manage the assets they acquire.

@Donald Howaniec another alternative to a 1031 is to invest in a syndication (or fund) where bonus depreciation is being taken on assets as they are acquired.