. $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? 

Quote from @Adam Czachor: If you're going to be an absentee landlord, I would start by looking for highly skilled property managers that can handle whatever you purchase.

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.

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

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.

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

I will post the before and after pictures, hopefully it can help anyone starting this journey, we are new investing out of state but NOT new to handlining construction project out of state for clients, looking forward to the challenge!!!!

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

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.