She says she does and it has no debt.. ( I paid 130k for her house).

If you have large debt with a high interest rate, I would consider paying that off before getting started investing in real estate. 

Just came off his webinar which was obviously a replay even though they made it appear as live.Lots of sales techniques like social proof, testimonials, people buying it live, time scarcity...understandable else it's proven that people don't buy combined with the fact that Jerry is a busy man...Have things changed as of today?

I paid him half and half went to the debt. 

It's probably 300k maximum for the combination of 3 and I have to get them re-appraised.

@Zach Denny - I agree - chances are the institutional lender won't be comfortable with an owner-financed 2nd and 100% combined loan to value.

To defer all of your gain, you'll want to trade up in value, replace all the debt (meaning new properties have at least $350,700 of debt), and not take any cash from the exchange (this is boot which = taxable gain).As for replacement property, it just has to be real property - meaning it can be commercial, STR, land, etc!

4 houses: value $6.5MEquity: $2.8Mpositive cash flow after debt, maintenance, taxes: $2000/modo I have additional capital to add?

Waiting until you get a deal under contract to then see if you can put together the debt and equity is a recipe for disaster.

The Heloc can also pose as a debt obstacle since its an open end mortgage a.k.a credit card.a mortgage is also set up over 30 years so it offers a lower rate and payment.