As readers may be aware, a few month’s ago, I was seriously entertaining the thought of selling Rental Property #1 so that I could capitalize on the massive appreciation gains (purchase price: $315,000; current market value: ~$470,000). My initial plan was to do a 1031 exchange, and utilize the proceeds to purchase some more out-of-state rentals.
One of the strategies behind the 1031 would have been to trade
Last month, I mentioned that I might possibly start looking into turnkey rental properties in Texas. In particular, I was thinking about making a trip out to Dallas/Houston/Memphis to meet with some turnkey companies to learn more about