well 70% of 455ks isnt much more than you currently owe at 283k the 70% of 455k is 318.5k and after closing items you might only net 20-30k tops (new loan minus current 283k - closing items = net proceeds in "hand.").So The question you should be thinking about is what are my closing items and is this enough cash to accomplish my mission/goal?

I point the camera at the door so I can see if the door is closed and who is coming in.4) $5 wall mounted big thermometer I use in the winter that is in view of the camera so I can see what the temp is inside 5) Series of signs I printed (Do Use the Toilet, Make Sure to Lock the Back Door, etc etc)All mobile and I can move from property to property :)

Of course, he wants me to cover any closing costs.

Your first avenue may be reaching out to your network - any other close family or friends that need a place to live?

Another out of state client closed on a 2019 build in Sherman for $235k back in June '24.

1031 exchange sounds good in theory, but you need to do it in an area and at a time where there is inventory to choose from because once you identify the three properties, you have to close on one of them which is very difficult in a competitive environment.

We paid $232,447.36 out to 36+ different trades & vendors for this home.This $232K creates jobs and promotes growth because it is spent and recycled in the economy, creating a ripple effect.Congratulations to the Greatleaf Homes Team for another new construction home closing today!

@Kobe Carr Please pay extra close attention to the property taxes on anything you buy in Texas.

I believe this situation was handled in a way congruent with BiggerPockets values and ethos - information was discovered, we gave the user in question an opportunity to respond publicly to the allegations, other members of the community chimed in to make comments and ask questions of their own, I made the decision to close the post because I believe many of the top viewpoints were discussed and I didn't want it to turn into shameless trolling with no additional value, that whole thread remains up for community members to view into the future for transparency and anyone who reads it can form their own opinions with the information presented.

This is after he gave us assurances that the loan would close.