In April 2024, I finally saved enough money and pulled the trigger.

The assignment agreement addendum was signed a few weeks into escrow.I was not worried that this would trigger the seller to back out.  

So, I'm challenged right now finding a property that will cash flow well enough for me to pull the trigger.

@Brandon Brock I understand that the price is high, I wish it had been cheaper but I will say that I am glad I signed up for a couple of reasons.1) There are a lot of garbage notes n the internet, having seen some of the offerings that come through Eddies group I have something to compare against.2) I have had a few specific questions and been able to call someone and get a a straight go/no go opinion on a note that has probably saved me more then the price of the class already.3) I could have read books and threads on BP but I think it would have taken me longer to get to the point where I would be comfortable pulling the trigger on actually buying a note.

In the end, the weekend after the fed announced the first interest rate drop, we had an open house that had more traffic than our opening weekend 3 months earlier. we received a full-price offer for the house and closed in early November. obviously I have no way of knowing if the interest rate drop was a trigger, but nothing else changed in the market at that time. just wanted to share in case others are curious. appreciate all the thought partnership!

Alternatively, consider a cash-out refinance to access equity without triggering capital gains or explore a 1031 exchange to defer taxes by purchasing another investment property.This post does not create a CPA-Client relationship.

Not sure if you pulled the trigger, but I was nervous to go from LTR to MTR.

Alternatively, transferring the property to a revocable trust provides income for your parents, avoids probate, and keeps you as a beneficiary, but it doesn’t allow for a 1031 exchange and could trigger gift tax.Focus on aligning the structure with your goals, whether for immediate reinvestment or estate planning, and ensure compliance with Connecticut laws.This post does not create a CPA-Client relationship.

Just curious, what made you pull the trigger on the HELOC?

Thank you.Once you get a good foundation and you are financially ready to buy a property, pull the trigger on a solid deal.