Planning to sell two investment properties in CA and buy one primary residence in CA.Property 1 is listed and expected to sell in August to September timeframe (Around 150K long term profit, total sale price around 0.85M, no loan)Property 2 is under renovation and expected to be listed in August-September, and close around October to November (around 400K long term profit, total sale price around 1.7 M, around 0.6M loan. ~1.1 M in cash).What is the best time to buy the replacement property?

Do you plan on making a documented improvements to the property?

Specifically, I am looking to track the projected rehab cost of each unit, cash flow from rented units, first lien costs, general partners and limited partner returns.

I’d love to get schooled on this a bit if I’m totally outta my mind with this plan, but if there aren’t a bunch of tax or legal roadblocks, I’m thinking it can work.

Do you have a plan to purchase if you get someone who might be interested?

Did you have any specific questions? 

I own one rental up there and I just helped another client from BP purchase a great rental home in Spring.Feel free to reach out with specific questions.

A little bit about my experience in Real Estate… I started a couple years ago doing some house flips in Detroit ( It was a 2 year plan) then decided to sell everything, moved to Washington DC which can’t afford anything in the DMV area but last year I purchased a very nice 3500 SQFT Duplex in Shaker Heights, suburb of Cleveland. 

@Dalton Tahy I have a friend that lives in Boston and he has no plans buy RE because it's so expensive.

Many months of rates moving at most a few basis points a week morphed into dramatic, massive movements—with bigger changes sometimes happening in one day than had occurred in quarters or years prior.Real estate investors navigating the challenging market of 2024—with mortgage rates still at elevated levels—are at an advantage when they can lock in financing terms or plan purchases while DSCR loan rates are favorable.