., It's highly doubtful that this will hurt you as long as your CPA continues consistently with the reporting path they recommended. 

This can potentially enhance long-term wealth building.Tax Deferral-By reinvesting your proceeds into like-kind properties through a 1031 exchange, you can defer capital gains taxes, allowing you to reinvest more capital.Market Timing-Despite the competitive market, a 1031 exchange gives you a defined timeline to identify and acquire properties, potentially putting you ahead of other buyers who might not be as motivated by a tight deadline.Cons:Lower Initial Cash Flow-Acquiring additional properties may reduce your immediate cash flow, especially if properties in your target market are not as cash flow positive as your current property.Risk of Overpaying-In a competitive market, there's a risk of overpaying for properties just to meet the exchange deadline, which could impact your overall returns.Either one is a valid option, but overall it depends what your financial goals and restrictions are.

Even if it is not a requirement to have a high credit score for approval most asset-based lenders will use the credit score to determine your rates and terms based on your risk factor.

But with your high income and not a lot of savings I would try to save as much as possible for the next few years and then reap the rewards.

I never saw an update.I am still tempted when I see low prices, high rents with returns of 18%+, but all these bad experiences are making me not pull the trigger.

Partner Driven was interested in the Rick Rd deal in Reading, PA, due to its high profit potential.

Particularly in Philadelphia where there’s a ton of red tape to navigate and construction costs are disproportionately high relative to other markets.Ten years ago I could walk into a district L&I office, complete a two page application and pick up a building permit without plans for a single family renovation the next day.

At the top of your screen you will find a section called "Build your Team" There, you can connect with property managers, realtors, lenders, and CPAs that specialize in real estate, and you will find Cincinnati well represented with highly reviewed professionals, by members of BiggerPockets, who are eager to compete for your business. 

Hi, I live in Boston, where housing price is ridiculously high.

That's a high risk loan, and they will charge you for that risk -- something in the 8-9% range currently.