You are losing up to 3% on each investment property purchase, also, you get a lot of great tools for evaluating properties, market research, etc.

After a year, you can move out, convert it to a rental property, and then use a conventional loan with a low down payment to purchase another multi-unit property as your new primary residence.

I say try because it also reduces transparency: After the changes, I won't be able to tell my buyer client if a given seller is going to pay the commission on their behalf just by looking at the MLS anymore.

I am planning to purchase a property subto the existing mortgage (50k left) and current tax lien (65k).

I like to think of myself as more of an investor than an agent and I like to treat my clients the same way I run my own numbers (which is extremely conservative, I like to sleep at night).

Can it still qualify for 1031 because the rule is u have to live in it or rent it for 2 out of 5yrsSecond, if I buy a property, renovate it and sell within 3/4 months, can it qualify for 1031 because I heard u have to hold it for 1 yr.Is coop sale and exchange with purchase of single family home "like kind" of exchange?

Never have I felt unsafe.The city allocated millions a few years ago to purchase and tear down a dozen or so older motor inns on ocean blvd that had been left to squander and had become havens for the less than desireable.  

I just purchased 24 units (three identical 8-unit buildings) that share a parking lot.  

In the next year, I'd like to purchase my first small multi-family property in the Grand Rapids area that I can house hack.

Hey BP members,So this last year I purchased my first SFH to house hack.