Hello everyone, I purchased my home two years ago, and currently, I have a tenant renting a room for $800, which helps cover my mortgage.

As you narrow down your REI type, try to do the broad review approach to see if you have the resources to do that type or scale.  

Congratulations on the successful purchase.

Purchase price: $350,000 Cash invested: $50,000 Sale price: $550,000 I acquired this property in 2015 and used it as my primary residence for two years.

The most expensive exchanges are typically "one offs" done by an an attorney with no economy of scale which is a direct result of little direct experience.However I'd also counsel that you not simply look for the cheapest "fill in the boxes" internet intermediary either.  

You’ll have a better feel for property values, rental demand, and rehab costs in areas you know well, making it easier to manage and scale your investments. 

I'm working on purchasing a property.

Tap ‘View Page’ to connect.. whether you’re just starting or scaling up, I’ll make sure you’re talking to the absolute best investor-friendly agent in any market.

First - you have to mention what the syndication will do as that will have an impact on how you get taxed.Given that this is a real estate forum, it is assumed that you are investing in a syndication that will invest in real estate.Most real estate syndications purchase real estate in year 1 and have a plan of selling / exiting in year 5 or 7.Often times, the sponsor will get a cost segregation study which increases the loss on the K-1 presented to the investor in year 1.This may be important as it almost guarantees that there will be no taxable income from the syndication from year 1 to the year before exit.If the syndication does well and exits at a price more than purchase, it may result in a taxable income. 

Quote from @Dan Keefe: Hello everyone,I’m a traveling physical therapist but grew up in Maine and am looking to purchase multi families in Biddeford using an FHA and subsequently to house hack in.My question to the Southern Maine community is in regards to the rent data in Biddeford and Saco.