Updated about 4 years ago on . Most recent reply
Signed contract for rental #3
Hi All,
Excited to share the news that I have signed the contract to buy my new rental home. This is my 3rd investment home.
The previous rental homes I owned appreciated a lot and in the past some experts suggested I sell and do a 1031. I did 1031 in the past once and even though it is a great option to differ the taxes, the pressure to find a replacement in a limited time was a bit stressful for me. So I took the cash out refi option and invested the cash that I got from the refi as a down payment for the new rental.
I appreciate any suggestions or feedback on the approach I took.
SD.