Or do I have to improve the property to up its value like the BRRRR method?

Hi everyone, I've traditionally stuck to long term buy and holds that have required limited repairs/ improvements and have not gone through the refi process as yet.

It is also possible to structure an Improvement 1031 Exchange whereby your Qualified Intermediary (exchange company) acquires and holds or "parks" legal title to your new replacement property so that you have the rest of your 180 calendar day exchange period to use any remaining funds in your 1031 Exchange to complete improvements as part of your 1031 Exchange. 

I am a nurse and decided back in October of 2020 to begin travel nursing (a slight career shift from staff nursing).

I am a nurse and decided back in October of 2020 to begin travel nursing (a slight career shift from staff nursing).

So, they won’t work with us.We’ve also learned that contractors usually fall into one of the following categories:Type 1 (High Quality, High Price)They can do new construction, additions, full remodeling, but maintenance work is too small for them.Typically pay for advertising, have sales staff, separate bid preparers, inhouse designers, full office support.Equates to a lot of overhead, leading to markups of 50%+.Bids: Usually have a dedicated salesman that does their bids, so able to supply quality bids.Comment: Usually have the highest prices & quality, and so these are the contractors you’d hire to work on your own home.

All of these details add up to improve the bottom line. 

Having said that, there is a loan program/approval process that can improve your chances that I just learned about yesterday.

Trying to navigate BP for useful tools/calculators while I improve my own accounting. 

The biggest improvement in terms of cash flow was adding the storage units on the "free" parcels this property came with.