I also have over 100k of available credit on credit cards I could use (I have worked so hard to create great relationships with CapitalOne and Chase after bankrupty to have this, and don't live on credit card float).

It provides us with the flexibility we need to start renovations at a time when we have financial and plans set, ultimately increasing the property's value and appeal for future long-term tenants.Our decision is not just about financial gain; it's about providing immediate assistance to those in need, with the understanding that this approach also serves our long-term objectives.

Looking to get an external inspector to take a look at a potential investment property. Is there a site I can use to see who is available in my area (Huntsville, AL)?Thanks BP

I would recommend transfering the property into a land trust with the beneficial interest going to them personally now, but changed into a newly created single-member LLC after the 1031 exchange.

For instance, let's say you do the rehab and go to rent it...considering the relatively low value of the property, it's reasonable to expect that the tenants will have low or no credit, they may be unemployed or on income assistance, they may have minimal employment options, and/or they may have a very spotty history with prior rentals.

I am 52 and know real estate is a very good way to create financial freedom. 

Our biggest issue is lack of affordable housing and lack of inventory in general, which of course creates strong demand/ low vacancy and high rent and price appreciation. 

Once you're ready, create a goal (e.g.

PM us if you'd like additional assistance.

Once you've done your due diligence, a title company can easily create and record the Quit Claim Deed.