If we are able to do business someday that would be a great added bonus!

We are both at the point where we will be able to in the next year.

Again you only have 180 days from when the QI takes title to the lot to get your exchange done.New construction is hard to make work with a 1031 unless you are purchasing a property from a builder that will be complete is a fairly short time.

Long story short be prepared for a rundown property, quick closing (cash), and a full rehab. 

When Jersey City legalized Airbnb in 2016, we turned 2 duplexes from student housing to Airbnb short term rental. 

Depending on the type of strategy and the financing, reserves can also differ - whether it's a short-term rental, mid-term rental, conventional, DSCR, etc.In general it would be:downpayment + appraisal + title fee + escrow fee and prepaid + lender's feeFor rentals, you would usually be required to have cash on reserves for a certain number of months worth of PITI - typically anywhere from 3-12 months.

We are Ruth & Sam, passionate about real estate wholesaling and investing and are eager to dive deeper into the field.

We are Ruth & Sam, passionate about real estate wholesaling and investing and are eager to dive deeper into the field. 

We are considering house hacking the next place.

We are wholesalers in Houston!