@Phaedra CuljakYou are in a great situation with that amount of equity in your property.I 100% agree with the recommendations of the 1031 Exchange.There are great benefits involved, and with lower interest rates in the present market, now is a great time to invest and, more importantly, diversify your portfolio.I would encourage you to reach out to a team that regularly handles these situations to get their professional advice on what does or does not qualify for a 1031 exchange.

I would encourage you to call some local banks and let them know your situation.

I would encourage you to talk to lenders so you have a contact to refinance when your ready.  

Given the circumstances with the pandemic and all the negative news, I was surprised and encouraged by this outcome.

There are both state and local codes. i would encourage you to call your local building/zoning or code enforcement and talk to them, ask what their requirements are for licensing on certain projects.

James, that is a great, encouraging share.

Thank you, SteveI appreciate the words of encouragement! 

My biggest concern is that I encourage my applicant to first check their free credit score directly at Experian to make sure it meets our minimum score required.

But we didn’t want the basement to be that cozy anyways....it encourages applicants with WAY too many people trying to live in the house.

I would absolutely encourage exploring podcasts/forums/books to continue that education.