@Lorenzo Swinton you could also consider selling them both and using the proceeds to scale up to a larger multi-family property using a 1031 exchange... or like others have said, find a lender that will do a cash out refi and use the proceeds to scale up.

(Annually, bi-annually, when exchanging ownership, etc.)2.

The buyer typically makes a down payment and pays a higher rent than the market rate, with a portion of the rent going towards the purchase price.Land contract: A land contract is a legally binding agreement in which the buyer agrees to make payments to the seller in exchange for the right to use and occupy the property.

A real estate broker is any person who, for another and for commission, fee, or other valuable consideration or with the intention or expectation of receiving the same directly or indirectly lists, sells, exchanges, buys or rents, manages, or offers or attempts to negotiate a sale, option, exchange, purchase or rental of an interest or estate in real estate, or advertises or holds out as engaged in these activities. 64.

The syndication would need to be structured as a tenant in common agreement or Delaware statutory trust to qualify as replacement property for a 1031 exchange. 

This is my first time completing a 1031 exchange to purchase a property and I have to say I've been very impressed with the time he and Taylor have taken to answer my questions.

What makes a self-directed IRA custodian different is that they are not purely connected to the public exchanges and limited to investing in stocks, bonds and funds, but rather have the staff training and paperwork to document the IRA's investment in the more individualized transactions that occur when investing in real estate, notes and other non-traditional assets.

Before you pay anyone, go through all the free content on BiggerPockets and the web.I would also strongly suggest going to a few meetings at your local REIA and networking.Offer to add value in some capacity (bird-dogging, running errands, etc) for those with experience in exchange for them letting you tag along on a project.

Purchase price: $339,000 Cash invested: $30,000 Our third short-term rental purchased with 1031 exchange.

You can also list the unit yourself and find a local agent willing to show the unit in exchange for a fee once leased. 1 or 1/2 month's rent is typical.