All Forum Posts by: Robert A. Hastings Jr.

I have debt on only one property, have no vacancies, tenants are paying, though a little slower than usual, and selling one or more rentals is not in my immediate plans. One HOA has raised fees exorbitantly and if it continues beyond rent recapture, then I'll consider selling. If prices crash, I'll likely buy another property. Could be expanding much faster with debt load, but little to no debt is working well so far.

Jadan, you darn near have a portion of your college education in the valuable information contained in these posts!  Everything you need to make the right decision has been posted.  An architect with finance knowledge and direct real estate experience is rare and valuable.  Continue with your education... all of it, but slow it down.  I spent 7 years getting my bachelors degree which included many late nights and only one class a semester when money was tight, but I DID finish and had almost no debt when I was done.... oh, and I squeezed in a duplex to start along the way with a wonderful wife and two beautiful children.  Do it all dude.  The less expensive community college for the 'required' courses is a good idea.  I did it - saved me thousands of dollars.  Then transfer to the university that offers architectural courses you need.  All this while working all the part time jobs you can handle and still get good grades.  Then in all your free time look at some income producing real estate - no, not a ten plex needing a complete rehab, maybe a duplex with an attic or basement (or garage) that could also be made into living quarters for guess who?  If you can graduate with an architectural degree, maybe minor in finance, have little to NO student loan debt, and even one income property that is 'seasoned' into a steady cash flow above expenses, well then my friend, you'll make everyone of us proud.

Great job!

Now, repeat!

How can I utilize a 1031 exchange if I sell current property and hold a 1st mortgage?  

Can a 1st mortgage be used as a deposit on another property?

How can I utilize a 1031 exchange if I sell current property and hold a 1st mortgage?  

Can a 1st mortgage be used as a deposit on another property?