In efforts to get more experience with IOS, we are seeking a financial partner that potentially has experience with this asset class. 

Happy you joined the party.. how soon do you plan to start crunching numbers on a potential deal?

The QI will facilitate the transaction by holding the proceeds from the sale of your New Jersey property and using them to acquire the replacement properties in Florida.Make sure to follow the 1031 exchange timelines: you must identify potential replacement properties within 45 days of selling your New Jersey property and complete the acquisition of the replacement properties within 180 days.  

Underpriced, underperforming, value add, 20 units, cash flow potential, low risk How did you find this deal and how did you negotiate it?

My out-of-state clients love it here because you can still find cash flowing deals hitting the 1% rule with lots of appreciation potential.

The city offers a mix of high appreciation potential in certain areas and solid cash flow in others.

Also, factor in potential interest rate changes if the HELOC isn’t fixed.

Not only does it have excellent potential as a house hack, but it also offers significant upside for a live-in flip.

If you ever want to get into a tenant nightmare of costly potential litigation become a landlord, have the ac go out in Phoenix in July, and inform the tenant that you just don’t have the funds to replace it!.    

While most of his experience is with new construction rather than remodels, he’s already given me a few pointers and is looking into potential referrals for me.