I am open to ideas
Hello guys, I have rental properties and I have a closing to sell on March 3. I will be doing a 1031 and have extra funds to add if the deal or deals are good enough. Without this property I have 8 SFH that are paid off and producing. This property(524 Half Moon Lane 71111) is 15-16 years old is why I am selling. I prefer new construction and 4 bedrooms.(they cost almost the same as a 3 but rent for more). The proceeds from the sale will be $280ish and I can bump it up to $500K investable if needed. What would you do? And thanks for looking and responding. Jim
Most Popular Reply
Jim, I'm a lender here in Baton Rouge. I work with a top realtor in louisiana who has something you might find interesting, it checks every box you mentioned. I underwrote the financials to be able to present accurate numbers.
Are you still looking to find your next investment?