This strategy would preserve more of your equity and make reinvestment more efficient.You could use the exchange to buy multiple properties in diverse, high-yield markets, achieving your goal of increased cash flow.Reassess the Property’s Cash Flow:Before selling, explore ways to improve the cash flow on your current property.

Ranges can be fine if they’re in good condition, but inspect them thoroughly.

I’m a first-timer, so bear with me if I sound a little clueless – I’m still figuring it all out.Here’s the scoop: I’m looking to purchase a long-term rental property within the $300-350k budget range.

@Jaycee Greene Price range probably up to 350k ish 

That being said, there is a rather diverse property and tenant mix within Allentown, like there is in most cities. 

Estimated costs range from $500–$1,000 annually, depending on the complexity of their LLC and rental activity.For Partner 2 ($148K joint income, W-2, 1099 income, 1 rental, 2 kids), a CPA is strongly recommended.

STRs work best in tourist-heavy areas with high demand, while LTRs perform well in markets with stable economies and diverse job opportunities.

And what is your price range on the purchase price?

Do you have an idea of the type of property you want to buy and a price range?

We're seriously looking to connect with individuals who are open to chatting or to working with two motivated guys who have goals of building a diverse portfolio overtime in the Pittsburgh area.Cheers,Matt