Being able to defer taxes and get into a bigger asset producing more cash is incredible!

If the numbers make sense and it doesn’t put you in a bad place financially, I say go for it!

How long it takes to be financially ready is different for everyone.

You can 1031 Exchange between all of these asset classes as long as they are held for rental/investment purposes.

Or, here's a completely different angle, sell your home subject to your 1st mortgage, for 1 million to a financial friend for example.

@Simmy Ahluwalia We're pursuing other projects in different states and are keeping our options open to dispose this asset if it makes sense or continue building.  

Purchase price: $375,000 Cash invested: $150,000 I have become an all-in-one real estate agent/construction manager/and (while the asset is being stabilized) property manager.

I would be a great asset.

I am aiming for cash flow and appreciation both , i am clear with investment objective i.e. financial freedom, in terms of timeline - i have just started scratching the surface of real estate investing i want to learn as quickly i can and gain information in order to get started for searching deals, budget and risk tolerance would like to put a number when some progress i have made personally in understanding of whole process, my diligence and external factor dependency, that's why looking for some basics to understand and path going forward 

We can comfortably provide a down payment over $100k, have a few hundred thousand in assets (i.e. equities, no property), have good credit (both over 750), no credit card debt.