Deal was purchased cash.

Back in March, the Administration announced a:$10,000 cash tax credit for many homebuyers, and a$10,000 cash tax credit for some homesellers.Highly inflationary.

Ideally, I wanted to buy a property without a loan and do the BRRRR method, do to not many decently priced properties in the area that have some potential to remodel or add an addition to for adding more value to the property then cash refinancing after renting to move on to the next one.

AJ,How much Cash on Cash can one expect on Oregon coast?

We took over a seller's loan, paid them some cash and began to rehab.

Assuming you are investing in single family home - I would recommend starting with 25% down payment and having monthly cash flow from a W2 to cover the mortgage for several months in case it sits vacant or needed repairs.

Will it be very complicated to do a 1031 Exchange for my portion (provided that we relinquish the property and the sibling just receives the cash for her portion)?  

I ask because I'm interested in doing a cash-out refi in the future.Thanks so much, Jon

Hi everyone,I was intrigued with the bigger pockets podcast show #968 Making $10,000/ Month PER Rental with These Guaranteed Cash flow "Contracts".

This tenant must provide a protective order or temporary injunction signed by the judge against the aggressor (co-tenant) of the property in order to terminate the lease without future liability of rent payments.