I’m finally ready to take the plunge into real estate investing, but with two kids, I’m nervous to use any of my own cash for the first project. Any tips on how to navigate this?

Hello all. Hope I can learn some good information on here.

That is MUCH harder to do from a distance and when your personal experience may be with newer homes that don't have issues like this.

Then go and get a good umbrella policy personally. 

The purpose of me talking to a loan officer is to find out the loan amount I can qualify when we do the refinance.

we build ground up and don't collateralize anything. we build at a discount in Columbus Ohio and we build cheaper than every builder I've seen in our market and because of that we make each person self fund a retainer account. we don't extend any credit to anyone. opposite of what you are saying. builders that bring value call the shots. 

The IRS has a “same taxpayer” requirement for tax tracking – if the same person or entity is exchanging, it’s easy.If not, we’ll have to bring in our structuring attorney to ensure the right steps are taken to maintain 1031 eligibility.

I have asked if someone is teaching this offer structure and one person said it's common in land and the other explained it as a win-win situation. 

I personally know this landlord and have had sit-down conversations with him periodically over the last few years. 

Hostaway said that the people they work with usually use their personal bank account or business account link to stripe.