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All Forum Posts by: Peter Stewart

Peter Stewart has started 4 posts and replied 108 times.

Post: Anyone here from Oregon?

Peter StewartPosted
  • Residential Real Estate Broker
  • Alabama
  • Posts 109
  • Votes 0

Hi All Cash,

As James mentioned I'm in the Portland area. I'd be glad to assist you and answer your questions. Portland is beautiful especially during this part of the year!

-Peter

Post: 1031 exchange to rental unit

Peter StewartPosted
  • Residential Real Estate Broker
  • Alabama
  • Posts 109
  • Votes 0

This is my point:
If you are planning to sell an investment property and purchase another investment property. Why wouldn't you setup a 1031 exchange? At worst case you'd just be out the 1031 exchange service fees. At best you'd defer paying taxes and could grow your investment money more quickly.

Post: 1031 exchange to rental unit

Peter StewartPosted
  • Residential Real Estate Broker
  • Alabama
  • Posts 109
  • Votes 0
Originally posted by "mwarden":
Is it really so significant that the exchange cost and risk would be more beneficial than just playing it safe eating the tax?

There's no reason to pay the tax if you don't have to. I don't see any disadvantage of setting up a 1031 exchange... You have nothing to lose and it could save you taxes if you can close on another property.

Post: Tenant Move in Checklist

Peter StewartPosted
  • Residential Real Estate Broker
  • Alabama
  • Posts 109
  • Votes 0

That would be great.... Thanks Joshua.

Post: New Guy from Colorado Springs

Peter StewartPosted
  • Residential Real Estate Broker
  • Alabama
  • Posts 109
  • Votes 0

Welcome!

This is a great place. I'm glad you found us!

Post: Hello from Canada

Peter StewartPosted
  • Residential Real Estate Broker
  • Alabama
  • Posts 109
  • Votes 0

Welcome!

It's great to have a Canadian on board.

Post: Ohio Newbie

Peter StewartPosted
  • Residential Real Estate Broker
  • Alabama
  • Posts 109
  • Votes 0

Welcome Mike -

It would be a great idea to buy a primary residence and quit renting. What do you do for work? Are you wanting to do home flipping on the side?

-Peter

Post: Hello from Bulgaria.

Peter StewartPosted
  • Residential Real Estate Broker
  • Alabama
  • Posts 109
  • Votes 0

Welcome!

Glad you found us.

Post: newbie

Peter StewartPosted
  • Residential Real Estate Broker
  • Alabama
  • Posts 109
  • Votes 0

Welcome!

I'd like to hear more about your flips. How did you locate them? What did you learn from the first one?

-Peter

Post: Just curious! iPhone anyone?

Peter StewartPosted
  • Residential Real Estate Broker
  • Alabama
  • Posts 109
  • Votes 0

How much is the iphone?

-Peter