Hey RE Pros! Wanting to explore other options or find out other financial strategies for trying to build a detached home on our lot without having to refinance out of our 2.75 interest rate with a cash out or doing a ...

@Daniel ShulerIt is possible to include owner carry financing as part of a 1031 exchange.

How did you finance this deal?

These are huge wins.Also, get your finances in order and get pre-approved so you are ready, willing, and able to purchase which will allow a realtor to take you seriously.

I mean, it's your call here but we usually don't use traditional financing on these types of properties. 

There are too many incompetent realtors in the marketplace who can't understand vendor financing, and don't know how to present an offer favourably.

For those not purchasing with cash, assessing income or cash flow can often come down to the terms of the mortgage financing for an AirBNB or Vacation rental. 

You would then finance the property at a later date. 

Another benefit of selling my current house would be that I could use the $100k to finance my next project and wouldn't need to borrow money which would save me a lot of money in interest.

I have attempted to go the seller financing route, but every seller has declined that option.