Even though the property is really cash flowing really nicely, I am unable to cash out of the deal so for the next one, I am definitely choosing a BRRR.

Quote from @Ragan Manning: Hey Nicholas,I am the owner of Manning Your Books and I work exclusively with REI clients.

The caveat is to make sure the passive investment you choose aligns with your goals and it’s a good investment. 

1031 exchange sounds good in theory, but you need to do it in an area and at a time where there is inventory to choose from because once you identify the three properties, you have to close on one of them which is very difficult in a competitive environment.

Usually, your realtor will have a few to choose from, and you should look up their online reviews.

There are good people who, if they could, would choose to live in Class B neighborhoods, but they can only afford class C....that is your target resident.  

Please do not disparage people who choose to carry.

What you should expect is what area you choose to buy in, having to deal with the issues that come with that class of property.

It's important to choose that one and commit to using it.

Letting him take over once we have reached agreement on price and seller chooses my offer.thanksOriginally posted by @Loren Becker:Hi BP team,I recently put a property under contract using a California realtor.