This can potentially enhance long-term wealth building.Tax Deferral-By reinvesting your proceeds into like-kind properties through a 1031 exchange, you can defer capital gains taxes, allowing you to reinvest more capital.Market Timing-Despite the competitive market, a 1031 exchange gives you a defined timeline to identify and acquire properties, potentially putting you ahead of other buyers who might not be as motivated by a tight deadline.Cons:Lower Initial Cash Flow-Acquiring additional properties may reduce your immediate cash flow, especially if properties in your target market are not as cash flow positive as your current property.Risk of Overpaying-In a competitive market, there's a risk of overpaying for properties just to meet the exchange deadline, which could impact your overall returns.Either one is a valid option, but overall it depends what your financial goals and restrictions are.

Bought the original land for $1,100 per acre.Auctioned it off for $3,000 per acre 5 years later.Bought at auction the new property at $7,000 per acre.12 years later subdivided and sold for $50,000 per acre.  

Any other mid term rental investors in Cleveland are looking to network 

This valuation will serve as the foundation for discussing buyout terms or the equitable division of assets between you and your partner.

Ward, et al. which changes the licensing requirements for parties who are the assignee of a home equity line of credit (“HELOC”).Crux is the state is saying Mortgage Lender License Required for Installment Loans Where Installment Loan is Secured by Residential Property even if you did not originate the loan.

Originally posted by @Ann Thompson:Realty Doctors - property purchaseRealty Medics - property management I will not be doing future business with either.

Hi Tim,There are several effective strategies and resources you can use to stay informed about future development planning in your area, without solely relying on attending city council meetings:City Planning Websites: Most cities have planning department websites where they publish upcoming development projects, zoning changes, and long-term planning documents.

The financials of the property and applicants investing experience / credit history will factor into the proposed terms for the purchase. 

Hi Chandana, More information would be needed to determine if this is good terms or not. 

Their model seems to be to short term rent (3 months) to insurance companies and then pay 1 or 2 months rent (late) to the owner and eventually just quit paying.