Purchase price: $155,000 Sale price: $250,000 Contributors: Peter Vekselman Partner Driven, in collaboration with our partner Jamari Spruell, successfully completed a deal on Bell Court, Rex, GA.

Hello Friends, I purchased a house in 2017 and lived there for 4 years as my homestead's primary residence.

Purchase price: $260,000 Cash invested: $80,000 Sale price: $380,000 Purchased this house from the family of elderly lady that lived there.

Just wondering if anybody has purchased separate landlord insurance, if it was with this company and what your experience may have been. 

Purchase price: $120,000 Cash invested: $1,111 Sale price: $210,000 Contributors: Peter Vekselman Partner Driven, in collaboration with our partner Antonio, successfully completed a deal on S Homan Ave, Chicago, IL.

At closing there is no difference from a traditional sale/purchase.

If you want to defer all tax on the 1031 you must purchase at least as much as your net sale. 

Purchase price: $555,000 Purchased a property on 1 acre in Black Mountain, NC .

. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).The remaining $50k from the HELOC could go into fixing/rehab of the 12-units.Then cash-refinance the larger amount from the 12-units to pay off the HELOC in one lump-sum (as much as possible), then using the cash flow from the apartment to pay off the rest of the HELOC.Repeat the process with a new apartment.1) Does this make sense? 

> I purchased property from HOA foreclosure auction last year for 40k, not realizing first mortgage cloud (silly, I know).