A follow up question on the 1031 exchange.

@Charanjit SinghYes such transaction is allowed provided specific rules are followed.

As I see it, the issue for BRRRR is that you still have 25% cash in the deal.I'm not following you.

Check out line #6 ...The following fourteen items must be included in any contract between a homeowner and a registered home improvement contractor for home improvement work.

Don’t be scared to follow your dream.

It is the classic I will be there on Tuesday to begin sheet rocking your project followed by me receiving a text informing me my helpers want to attend a Halloween party so I cannot make it Tuesday but will be there 1st thing Wednesday morning. 

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That means If you do find a property with the 1% rule being followed, the numbers usually make sense.

Below are the following answers about his financial plan:1.

I should add that I am in California, but if you follow the rules and read the contracts (and have an assist from a legal team), its not that bad.