A buddy of mine in tech was telling me how he was playing with the idea of creating a solution to make the closing process even faster and reduce closing fees.

He even used bolt cutters on the padlock to continue squatting! 

As condos in my area are mostly a cash play not good BRRRs, I narrow my search to houses. 

As a rental investment it is not worth the risk or work load based on you having negative cash flow unless you are in a high appreciation market and willing to gamble.SFHs make for poor income property investments and are primarily a appreciation play.

Hi all,Was hoping to get perspectives / hear stories on how others approached the possibility of selling RE assets and using the proceeds to paydown debt on other properties.Here is what I see as potential +’s and -‘s:+ increase cash flow by removing mortgages (so more passive income)+ opportunity to sell underperforming assets- less assets under management (so less potential equity appreciation)- taxable gains (will not redeploy into RE as my sense is we are near the top of the market)- 30 year fixed mortgages in place at low 4-handle rates (based on simple bond math, the value of my liability is shrinking on a relative basis as rates rise)Other facts relevant to my situation:* RE is but just one asset in my portfolio (and I’m fine with that); cash flow and appreciation are great, but I’m looking at the asset class as more of a long term hedge against inflation * not looking to leave my day job and / or replace W-2 income entirely with passive income * don’t need the cash flows from RE; again, I see the asset as a levered inflation-hedging play

You need to keep one continuous set of books under the legal name of your LLC. 

As such, they are buying for capital appreciation and view this as a long-term play. 

I think the best course of action for you is the one that plays out to best suite your time, and business plan.

Now starting to wonder if continuing to rent while investing in an out-of-state market would even be a better option!

But the short answer is there likely is a way to meet you objectives while completing a 1031 exchange which also preserves your option in the future to continue to exchange real estate.