Plan to 1031X into a $1M property with a partner.

Rather than asking non potential customers in here you can get a better result from potential customers, As well as tour of the competition.While you are there, maybe take some pics, and make a written record of rental rates and what features they have for that price.In a nutshell, become an expert on this specific investment in your local area and neighborhood, in order to try to reduce the risk of just guessing.Good Luck! 

Despite these, the successful sale at $280,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in maximizing profitability.

Hi Min, We see this scenario a lot for clients that are planning on retiring and looking to transition to another state. 

So, you need to be sure it makes sense as it does not always do so.Also, keep in mind, line of credit are for short term cash needs NOT long term for example a down payment on a property you plan on keeping for the long term.

This would be for our personal residence, we plan to keep our current house as a rental.  

Just wanted to get a pulse from this amazing community on market potenital in these cities and specific neighborhoods, etc.As a side note, if you work in these cities as a cash buyer, investor, title company, realtor, property manager and are investor friendly, feel free to reach out! 

Feel free to reach out with specific questions once you ahev narrowed down your plan. - Chris Kersey 

Also, you'll want to have legal documents drafted, specifically a mortgage lien, promissory note and some kind of JV agreement.

Despite these, the successful sale at $225,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.