All Forum Posts by: Paul Garrido

Hi BP community,

Having some challenges getting our 2bd 2ba condo rented in Boston. We’re still holding steady and hoping to get it rented in the next month or so. Will likely be cash flowing ~200-300 / month. 

Talking with my partner, we started to talk think through worst case scenarios & options we’d have if it doesn’t get rented in several months. 

This brought us to the subject of 1031 exchange with a turnkey real estate programs. At what point would you consider turnkey and selling the Boston condo? Whats the experience been with 1031 exchanges with turnkey providers?

appreciate the help!

Hi Samantha - based on the info, agree with others too. Keep your properties and reduce expenses/increase earnings. Longterm I think you’ll be happy you did. 

Seems like things will be tight but you will survive. You can always tap into HELOC for a safety net in the short term (not ideal) but there if you need it!

Long time big pockets podcast listener. 

2025 will finally get started with RE investing. Very excited.

2025 goals:
- Rent out condo - should have decent cash flow (moving to SFH we're closing on this month)

- invest in 1 turnkey rental property

- invest in a STR vacation property back home