But don’t let this downturn deter you—there’s still plenty of potential for those who understand how to navigate the evolving landscape.The median sale price for townhomes and condos has edged up to $320,000, a modest 1.6% increase from last year.

Purchase price: $300,000 Cash invested: $200,000 Sale price: $700,000 We purchased a closed 18-room boutique hotel in foreclosure, renovated the inside, and opened the hotel and later the bar and nearly the restaurant before it was sold in about 2 years.

This strategy could help him boost retirement income while avoiding capital gains taxes, but consulting a tax professional or 1031 specialist is essential to navigate the process correctly.

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What should first-time investors be aware of when considering these types of loans, and what tips would you share for navigating the process successfully?"

The BiggerPockets community is here to support you, and many of us have been in your shoes.Finding a Mentor:Finding a mentor can be incredibly beneficial, especially as you navigate these early stages.

The system is very clear cut, making it simple to navigate.

We’ve been navigating the funding landscape ourselves and have come across some interesting trends across various states.

And for a 80 yr old, it better have grab bars attached to blockings.

I’m seeking to add a local team member who is knowledgeable about the local market and can help navigate the opportunities here.