Original profit projections could still be made.I have no cash reserves but want to start a portfolio.

Original profit projections could still be made.I have no cash reserves but want to start a portfolio.

They will sell another property with little profit and lots of equity without a 1031 and use the proceeds to pay down the debt on the 1031 property to gain accomplish a lift in NOI and a drop in mortgage risk.

Hello! I just wanted to introduce myself to the community. I currently am going into my senior year at the University of Iowa, where I am double majoring in Finance and Management. I have grown up working in a nationa...

I'm Luke Espasandin and I listen to the bigger pockets podcast all the time but I'm pretty new to the forums and stuff and really excited to keep pursuing in here with fellow investors.

My mom is selling her home and I am considering becoming the buyer for two reasons: 1) She would sell it to me at a much lower price than another buyer. 2) I can see how I can take it and turn it into a profitable cash flow property.Let me explain: It's an old 1 family home that is very small BUT the lot is big enough to completely demolish the current home and build a house that can easily have 4-5 One Bedroom Apartments which can go for $1,300-1,500/ mo. in the town where the house is located. 

As an example, if one investor is the 1st to commit, I credit them with giving me the momentum to pursue the deal. 

Either way - the most profitable way to sell your house is with owner financing. 

So, with the $72,000 you received from refinancing you would have a profit of $47,000 after taking into account the $10,000 you put down on the first house and the $15,000 in rehab. 

Know what types of returns you're looking for, what type of tenants you want, neighborhood types/class, financing you're going to pursue, etc.