All Forum Posts by: Chai Jonn

Should I keep it or sell it? I am not sure what do wi the sale proceeds! Don't have anything else lined up. Other than some syndication deals in multi families which I don't have control on the operating part.

Any thoughts?

Thanks

Chai

0 Votes

Hello,

I was wondering if one can sell a SFH and move that money to a Multifamily Syndication as a passive Investor under 1031 exchange?

Chai

0 Votes

@Kumar Gaurav

There is no capital gains under 1031

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@Kumar Gaurav

I included all of the costs and 1031 exchange provider and added 2 percent more. I have few markets I am looking into for replacement properties. I am also definitely looking at the option of HELOC.

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@Devang Patel

Either sell it under 1031 exchange. Or Cash out refinance or HELOC. But I will be doing something with that equity.

0 Votes

@Devang Patel

I an in the same boat! I have rental SFH Phoenix. If I sell now, that's 14 years of cash flow.

2 Votes

Hello All,

I am visiting Raleigh/Durham area at the end of this month to drive through the neighborhoods and look at the properties for buying at least one or two SFH under $250k in 1031 exchange. I am especially interested in Durham area. This is an investment property so I am looking for areas with potential upside and some decent cash flow of $300. Can you please let me know which neighborhoods to check out in Durham area?

Also, I am looking to connect with a investment friendly realtor in these areas. Someone who owns investment properties in these areas, quickly run the numbers , guide me through the neighborhoods. Please feel free to message and connect.

0 Votes

Originally posted by @Justin Phillips:

@Chai Jonn I'm a huge proponent of Helocs, and more specifically a very specialized Heloc that saves cost and increases flexibility.
My wife and I ReFi'd our rental into a 1st position Line of Credit that's tied to a zero balance sweep checking account. So every dollar we deposit is swept towards the remaining balance, saving us interest cost. Every dollar also increases our credit line to pull from, maximizing flexibility. I always recommend this loan to investors, as our clients love recycling their line multiple times over the 30 year term, allowing them to purchase and pay off multiple properties, all with one loan.
Helocs are also nice because that equity is there when you're ready to use it, but you don't have to lock yourself into 30 years of larger payments on day one.

Justin, Thanks for explaining sent you a message

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Originally posted by @Paul Welden:

@Chai Jonn

To get cash out of the investment property, you can sell (do a 1031 exchange) or do a cashout refi. I think that HELOC on investment may be very impossible, difficult, or expensive.

Sounds Good Paul

0 Votes

Hello All,

I have significant amount of equity built into a Investment property SFH in Phoenix. I was wondering what are my options to use the equity for downpaynent for another rental house? I hear HELOC, HELOC interest only and Cash out Refinance etc. Please share your wisdom

Thanks

0 Votes

All Forum Posts by: Chai Jonn

Chai Jonn has started 52 posts and replied 173 times.

Post: Sell or Hold SFH in Phoenix

Post: 1031 Exchange from SFH go passive MF syndications

Post: Is this the time to be selling your rentals

Post: Is this the time to be selling your rentals

Post: Is this the time to be selling your rentals

Post: Is this the time to be selling your rentals

Post: Buying 2 Durham/ Raleigh SFH under $250K with 1031

Post: HELOC on Rental Property in Phoenix

Post: HELOC on Rental Property in Phoenix

Post: HELOC on Rental Property in Phoenix