Looking forward to exchanging insights and growing together!

Please let me know if they would like to exchange contact information.Best Regards,Andrew

One thing I'd think about is that some of the retail products which do this seem to be useable in a 1031 exchange and some not, so I'd keep that in mind when selecting what to invest in, if 1031 exchange is part of your strategy.

The bank is giving you all the money to purchase and all the money to renovate in exchange for just 3.5%.

When ROE falls below this range, it might be a sign that your property has accumulated too much equity, and you could consider options like cash-out refinancing, selling, or 1031 exchanges to redeploy that equity into higher-yielding investments.During the growth phase, focus on maximizing returns by keeping your ROE within or above this range.

They can optimize tax strategies across states and assist with allocating deductions, handling multiple-state filings, structuring future ownership, and advising on capital gains or 1031 exchanges.

Asking for a prequalification letter from them seems like an easy and fair exchange.

A 1031 exchange would allow you to sell the property and use all of that equity and deferred tax from the profit to purchase something that would produce better cash flow from the beginning.

Investment Info:Other buy & hold investment in Pacific Grove.Completed a 1031 exchange into a retail/office building, then converted the second floor into a short-term rental (STR) and mid-term residential unit.

I am very new in investing and am confused on whether I need to use a 1031 exchange here:I currently own a condo that my mother lives in rent free.