Hello everyone, my wife and I are looking to acquire our second SFR.

The thorn that I created for myself was hiring a professional real estate coach to help me acquire a large multifamily property.

I am not on the 1031 exchange but I will be providing support for loans, income, etc.Scenario 1: Purchase 1st, 2nd, 3rd property with 1031 exchange X amount fulfilling transaction and all requirements for exchange granted all financing is approved and completed.Scenario 2: Purchase 1st property with 1031 exchange under parters name only, fulfill requirements for exchange, acquire rest of funds with no tax, then complete 2nd and 3rd property transaction with funds on my name only.Scenario 3: Purchase 1st property all cash with 1031 exchange, HELOC on 1st property to acquire property 2 and 3.Look forward to hearing what the BP community can assist with and allow me to learn through this processThank you!

Great locations can be hard to acquire.

@Kati Finneran Hey Kati...first, good for you...by using BP, and seeking advice, you are practicing risk management...this is an excellent characteristic and one that should be expanded upon going forward...second (and the following advice/statements are very general in nature as I have no knowledge of your deal's specifics or your personal situation), I would move forward if you are willing to educate yourself on the nuances of being a Section 8 landlord...there are some important government-related strings that come attached with subsidized housing...third, I would move forward if you can secure financing that is acceptable to your situation...fourth, I love the HH strategy and were I you, I would make a small investment in Craig Curelop's book "The House Hacking Strategy" so as to learn as much as possible about the approach...finally, in response to your last question, we are always looking to acquire the right investment - always!

We put financing in place when we acquire and leave it long term.

What is your remedy in the event of a seller default?

It depends on the condition of the home you purchase and the quality of the tenants you acquire :)

I am currently acquiring property for only a handful of local investors, but I would love to connect and discuss your goals! 

However, my next deal I’m partnering with someone to acquire a small multi family deal.