BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

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. 

Turns out, the previous owner did take many steps to mitigate the moisture damage and the home was very dry and mold free when we acquired it.

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.

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..

As you mentioned, it might be difficult timing the sales of each of properties where you can achieve a combined exchange (multiple properties into 1 property / or a few properties).Just a quick note that may be helpful - I work with a group of investors that can help with a combined exchange into a single property and will buy it back once you've found a replacement propertie(s) as the final destination for your capital.

It just seems odd to me.

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.

Hello everyone I am new to the community and wanted to introduce myself.

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