Hi, folks, long time lurker first time posting :)Long complicated story short (I'll elaborate if anyone wants to hear later in thread), I may need to pay off the loan on a rental property I am selling to exchange.Would there be any issue or disadvantage in doing that?

I suppose hard money lenders may be another route, but that would place you at a sizable disadvantage because normal folks that house hack enjoy conventional low-interest rates, and for their first home, they could qualify for first-time homebuyers grants.

I understand the advantages and disadvantages just a personal choice.Good Luck.

.), whereasPrivate Lenders: Generally have more flexible loan terms since you are arranging your financing with someone who is not in the business.Like many things in life, they both have their advantages and disadvantages and one is not necessarily better than the other.

That is a negotiation disadvantage.

Of course the disadvantage of this is that I'm paying 4.25% or so (it is a variable rate as apparently all HELOCs are) to be able to do this.

I have an offer from a buyer to buy my commercial mixed use property I paid $330k for a year ago which I put down 25% on and owe about $240k on.   The buyer is offering $410k which is probably right at what it would a...

Don't bother with open houses if you just plan to stand there.As a final comment, your age can be an advantage or disadvantage.

While price definitely does matter, I would ask more about what kind of services you will be provided throughout the year and how you are being charged (set fee, hourly- there are advantages and disadvantages to both).

Does anyone have any insight if there is a disadvantage with this election as opposed to taxation as a partnership or S corp?