All Forum Posts by: Cameron Campbell

@Trevor Fleck How has your experience been with Rent to Retirement on the new construction purchases?

Just had that same conversation with my partner! Seems like a great idea to us...would love to hear if anyone has expertise in the area! 

@Solomon Cheng Yes I have considered that. My thought was the risk there is if you take out up to 80% LTV and then the market dips, your dept to equity ratio tanks and may be difficult for future financing...

@Matt R. One could only hope to get an "easy as pie" must family, but i am looking! Thanks! 

@brian ploszay I agree I did enjoy quite an upswing, and by no means do I expect a hands off investment. I have a relatively flexible career now and plenty of energy to manage a management company so to speak. My goal is to grow my portfolio to a point in which I have the freedom to continue on my career path or choose to live off passive income. You are correct that the investment isn't "breaking even", as I have a tenant paying my mortgage...I am just exploring the idea of putting the equity to work in a greater capacity and using the leverage to buy a property that would generate more income.

@Hunter Peterson I have been looking at properties in Dallas, Phoenix, Memphis, KC, etc. Not sure where would be best. In CA I have looked at Bakersfield and some other central valley cities, the only places that you can get returns, but not sure I love the areas or tenant pool.

@Thomas Rutkowski I had never heard of the Installment Sale, I will look into it!

@Manolo D. Good points. That is the fear that you move the equity into a cash flow play, but then instantly lose the equity when the market drops. Just a matter of finding the right market I guess...and not one that is based on a boom or bust type economy like oil, etc.

@Matt R. The property is in La Mirada, CA (not far from Disneyland, South LA county, nearly Orange County). I flipped a house about a year ago in the same area and sold for $500k, in 2010 you could buy in this neighborhood for $250-$300k. So that is the fear that if it drops, it drops back to low $300's!

@Cody L. Copy that. If I sold I would have about a $40k tax bill. Totally with you on the taxation issue, but thats a whole other topic we could go for ages on! 

@Lee Ripma those are my thoughts exactly. Haven't looked much in KC, but will start. 

@Manolo D. I LOVE the appreciation I GOT, this is an historic high for the area and I don't think it will continue. If I sell now and move to liquid assets my tax exposure is pretty high. 

@Cody L.do you just pay the capital gaines tax?

@gordon cuffe Thank you! 

@Leslie Pappas Ill check that out! 

Thanks @Dave Foster. QI is the intermediary, correct? Any insight on what a 1031 service would charge, is it fixed or a product of the buy price. (Would likely be in the $1M range for me.)Is this something a RE attorney would handle or a separate party? 

Antoine Martel good call, but then the real question is WHERE? ha 

This post is inspired by show #238 @Michael Swan. I have about $250k worth of equity in a SFR rental in a suburb of Los Angeles I bought in 2010. The property about breaks even and the tenants are easy. I made the money to buy the house through flipping in college, but am no longer flipping and have a full time career in another industry. I am 28 now.

Is trying to 1031 this into a bigger multi unit the way to go? Where would I begin to look? (not in so cal!)

Does buying a bigger property using the proceeds of a sale that hasn't happened yet limit your buying buyer? or ability to get good financing? 

Thanks to anyone who has insight!