The quote i received was for a triplex. trying to determine if I should sell my other rental property and put the money in a 1031 exchange until I am ready to build or just pay down my original investment and just get a HELOC so I can keep both rental properties Hey @Danny Santana!

Looking for a mentor to help us determine some good markets, strategies, etc.Thanks in Advance!

Here is how I determine if I’m going to keep a flip as a “Buy & Hold” or Sell it to an end buyer.

Great to see your determination, CJ, that’s the #1 factor that separates people who talk about BRRRR from those who actually build portfolios with it.A couple things that help when you’re just starting out:Hard Money Lenders: Build those relationships early.

Also, determine if you're interested in infill lots, rural land, or both.

First of all, you cannot get any of the tax benefits of running this as an STR because the IRS’s definition of an STR is that at the end of the year, the stays must be an average of 7 days or less.

The structure is as follows:I receive the property as a gift, based on its appraised valueWe sign a promissory note for that value, with the intent to pay it off at refinanceI assume operational control immediately and take the lead role in managing the assetI’m modeling this as a hybrid between a gift transfer and a seller carry, and I want to ensure:The promissory note is compliant with IRS rules to avoid imputed interestWe’re not triggering unintended capital gains exposure on either sideThe deal protects both parties in case of default or delayed refinanceIf anyone has experience with family-based seller financing, promissory note structuring, or tax overlays in hospitality or real estate, I’d love your input.

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

Each of you would need to meet the IRS hours tests individually if you want losses to be non-passive.

Depending on how the contract is structured, the timing of the gain can be impacted as the IRS may require you to recognize the full gain upfront or spread it out as you receive the payments. 2) If you're serious about a 1031, I'd connect with a qualified intermediary well ahead of time.