Just remember that all the deferred gains and depreciation recapture will carry over.

My most recent condo carries a rate of 7.99 fixed with about  90k equity the other carries a rate of 4.75 ARM with 80k equity The 3-plex has a rate of 3.45 fixed, over 250k in equity. 1.

Open to:--Seller carry wraparound (with my current 1st and 2nd loans in place). 

Sellers are carrying the note for 5 years at 5% interest.

One option is to have the buyer use a loan to buy out your existing mortgage, and then you can carry a second lien on the property for the remaining balance.

Carry on, invest smart, love people, have fun while doing it.

@John CarrI recommend finding an accountant who specializes in real estate taxation and tax planning.

@Brody VeilleuxHouse hacking and BRRRR (Build, Refinance, Resell, Reinvest) strategies are effective for property acquisition, but they carry risks like delayed refinancing, increased debt, and property management complexity.

BUT, it would be subject to the existing $160,000 mortgage balance carrying a 2.75% interest rate.

Like you mentioned and what I've read is the deal structure and sponsor carries the biggest risk so thank you!