If you use a 1031 exchange, do you have to buy/make your next purchase offer contingent on 1031 or is it paperwork you work up alongside the transaction?

You’ll save on property taxes, state income taxes, insurance, maintenance, purchase price, gas, food, etc...but if you don’t plan to occupy it but rather to rent it out, tell everyone that over and over and don’t sign the paperwork saying it’s going to be your primary.

I would prefer to ditch the client-facing and paperwork-heavy tasks of a loan officer and instead do more hands-on, project/property management-related work.

If you want to look into the security deposit, they both should have copies of her paperwork which states who pays the security deposit.

We requested the lease agreements and there was some information missing/ wrong. 1 agreement looks good and is up in October of this year. 1 agreement is from 2018-2019 and there is no paper work that says they have extended their lease.

I don't have to scan any paperwork, I just feed it through the fax machine, hear the fax ring on the other end, and get a confirmation of receipt.

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

I've also heard that it's hard to win with an FHA offer nowadays and it's difficult to find contractors for 203(k) due to paperwork required.

For example, when performing due diligence, it needs to have title check, physical/ financial/ legal inspections, appraisal, paperwork, constant communications with the seller and the list goes forever.

Any licensed, bonded, insured, experienced residential contractor can do the 203k, but that doesn't mean they actually understand the FHA guidelines, timelines, paperwork, processes, or procedures.