Im a newbie trying to learn how to assign L.O.s with option to purchase. and so ive heard hes the go to guy.

.- Maintaining Property Value: Renting to reliable tenants who pay on time and take care of the property helps maintain its value.

However, I don't like this idea because it creates Loan A (the equity you borrow against your home) and Loan B (the purchase of the investment).

As you gain experience and build equity, explore leveraging your existing properties to finance additional purchases.

Some info:Original property purchase price ~$90k100% cash purchaseLooking to put the proceeds of the sale into escrow account (1031) and use it for a down payment to purchase another property of greater value (say we get $110k from the sale, so we can look for up to $380-400k approx. @25% down payment)Does anyone have any contacts to help facilitate a 1031 in NY?

In 2021 we purchased another condo.

I have other considerations like quality of the house at purchase, neighborhood, renting room specifics etc.

We decided to team up and try to take down our first deal together because they had reliable sponsors to sign on the loan and it seemed like we were working well together, at first at least.During the same time a different student that came through the high pressure three day course with us found a deal and had my partner help him underwrite it.

Maybe % of purchase price (though that would mean low estimates for killer deals, and higher estimates for hot market properties)?

I was considering a 50/50 partnership minus any money invested into the intial purchase or for renovations.