I want to share with you a strategy that not only unlocks the benefits of assuming existing loans but also pairs seamlessly with another powerful wealth-building tactic - House Hacking.

The main challenge is that the properties have often appreciated significantly and in order to assume the loan borrowers will need to come up with the difference between the sales price and existing mortgage balance at closing.

Now to brrr the cap rate has to be over 8% which doesn’t exist unless in high crime areas.

Hi,Does any have experience with increasing the rent to the max allowed for an existing cithfheps NYC tenant? 

3.Any tips for managing cash flow and leveraging existing assets to keep growing my portfolio?

I suggest you consider the out of pocket capital you may need to improve the second floor unit that is already existing and rentable.  

You can set up a self-directed Roth IRA and fund it with your existing Roth IRA.

I'm currently looking at doing the same thing. except buying one that already exists.

Reverse exchanges may be possible for experienced well capitalized investors but for most, I would say it’s not really a practical option.Mike’s suggestions of being prepared and proactive is a good one.I encourage 1031 investors to start looking ASAP - get to know the market - identify potential buys - and start making offers - before one has sold their existing property.The issue becomes will a seller especially in a strong market accept your offer “contingent upon the sale of your property”?

There’s not one software that exist for this yet.