Purchase price: $250,000 Cash invested: $2,500My wife and I invested in our first short term property in Lake Junaluska, NC.

Your responsibility to defer all tax is to purchase at least as much as your net sale (70% of the total net sales price) and to use all of your net proceeds to do that (70% of the total net proceeds).How you accomplish that and with how much debt is totally up to you

Cannot sell right now either, I am pivoting my research in the Florida market to invest and potentially purchase a property for STR in 2025 and I had a few conversations with mortgage brokers to get some insights. 

Hi all,Seeking an attorney to assist with a purchase of a facility (combined car wash/self storage facility) in west Dayton - Drexel, Dayton to be specific.

Hi BP- I currently have a multi-unit in Missouri that was purchased under an LLC.

One thing to consider is where you are purchasing and the quality of the home. 

you can use all of the proceeds from the sale in the purchase. 

Great company and local operation that does things right.Toledo is notorious for bad operators especially when it comes to contractors so the BRRR approach when investing out of state can end up in disaster.Just had a 1hr call with an investor that was going to purchase a property for cash and site unseen.A "reputable" realtor in town influenced him to buy without doing an inspection.Just by looking at the photo's, we could see a lot of problems with the property.Stay diligent and focus more on the people rather then the deals themselves.Much success 

When we moved in I took pictures of areas of the house that I thought were poorly maintained or not in the expected state, the pictures are in my phone and have a date and timestamp for authenticity of when they were taken.

Lets ask another question:according to biggerpockets forum, how to do due diligence when purchasing self storage unit ?