The City of Montgomery is the Capital of Alabama with a robust economic environment that has produced multiple awards of excellence at the Chamber of Commerce level.

A traditional bank will not give a line of credit even if there is significant equity because it boils down to being able to pay back the money. 

Use for investment for 1 year and then live in it for 4.In theory the FTB for CA follows the same gain recognition rules as the fed. 

Quote from @Kadeem Kamal: I’m starting the process of doing a 1031 where I’ll get about 300k to put towards the the next property.

Luckily both sites collect the taxes for our place.Our little town did implement a 1% tax that I have to pay separately.

I have clients doing 1 a quarter thats about the slowest to others that will go on a mini tear and I will help them buy 5 or 6 over a 45 day period then they go to work.But generally my busy folks will do 15 to 30 plus a year..

Enodo (Multi-Family investors, developers and asset managers) its just math 6.

This is just the nature of commercial loans. 

People like this Scott Carson guy give "mentor" and "guru" a bad name which is just so frustrating because they are not all bad.

Would love to connect with local RE agents and have an idea of the market situation in SA.