Purchase price: $630,000 Cash invested: $30,000 I was selling another property and used the 1031 exchange fund to put down the downpayment for this property, and it was cash-flowing from day one.

This concept is currently in development.

I do this with my own portfolio by placing half my capital in high yield mortgage notes, yielding me 12 -18% annual; and the other half in real property with often little current cash flow but large appreciation potential.  

This means that net rents (after operating expense or what they call Net Operating Income -NOI for short) has to cover the mortgage payment plus 25% or more.

I'd like to access this equity through a Home Equity Loan (HEL) and use it to make downpayment on another investment property purchase (12 unit bldg).I bought this 4-plex in my personal name with a conventional mortgage .

Is this just not a thing in Texas?

This move is a dream for both my fiancée and me, so it’s not something we'd reconsider.

Thank you for providing such valuable information about the local meetings.

Best to meet with an attorney on this one before you do something against the law.

I think this gets missed sometimes, or people are surprised that they are taking a lot of risk AND energy/time to get returns generally available already with much lower of the two