Then I could start purchasing regular investment properties.Option B: Find an investment property first (higher interest rate) that pencils out while continuing to live in my condo, and then find another primary I could “trade-up” for with my condo, where I could eventually use it as LTROption C: Just focus on finding investment deals that pencil out at a higher interest rate with existing cash, and when I eventually move out of state, sell Condo.

Section 721 of the Internal Revenue code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) or an Operating Partnership without triggering a taxable event.Many investors are aware of a 1031 Exchange where an investor must find a replacement property to defer capital gains taxes on the property that was sold.

That would not be a taxable event. 

When they miss the first payment take your regular action steps.

We have a great group that regularly attends CTREIA, or other biggerpockets meetups from @Brandon Rush, @Stephanie Cabral, @Devin Peterson, @Ryan Luby.  

You should have been planning from the start to pay the HELOCs out of your regular income sources not the rentals.

However I also regularly see investors finding deals that work for them.  

Having a hard time deciding between a regular cleaning service and a full service mold remediation company.

If you’ve owned it for a few years there a cap on the amount they can increase the taxable value, I believe it’s 15% excluding improvements to the property.

If W2 income was $300k and losses are now $130k…we can write those losses off against the $300k making taxable income -$170k.