All Forum Posts by: Casey Mericle

Arkin PM

What's a course subject that you would buy that doesn't exist or the current courses on that subject aren't well done?

You’re right! In reality I just wanna put it in his head that he’s got options, not necessarily to go through with the 1031. An alternative to the 1031 is if he’s lived in the property for two years he can get up to $250,000 tax free if he single, or $500,000 if he’s married tax free. 

You’re going to be hard-pressed to get a loan without a job especially since lending practices of tightened up. You could go with a private lender or hardmoney lender, but that’s got to be a short term thing.

She could purchase something with owner financing which wouldn’t require her to have a job and you could give a sizable down payment. That would also probably allow you to take a portion of those funds and invest in another property. 

Absolutely. You’re giving him more than he’s asking for so he can help you with cash flow and down payment

The buyer owns it.  

Example:

The investor buys a CFD at $100,000 from seller putting $20K down and making no payments to the seller.

Then investor sells to a buyer for $120,000

At closing seller gets paid $80K first ($100-20K=$80k).  Seller collected $20k down and received another $80k at closing for $100k total

Investor gets paid next ($120-100K=$20K)

Buyer gets the property

@Mark Bills has she found a home she likes?  If so how much is it?  How much can she put down?

@Jonah Walker take the land contract.

Tell your friend he has to pay tax on interest but he doesn't have to pay it on gain (think 1031 exchange).  Tell him you'll raise the price to $190,000 in exchange for lowering the down payment to something you can afford and making your payments something like $800-$1,000/month.

This gives him a higher price and he doesn't have to pay taxes on his gain (if 1031), and you get a lower down payment and more monthly cash flow.

Don't go to the bank if you don't have to.

@Karl McGarvey how about both

Pocket the $12K find a new property

Find an investor that will take an option (there's many varieties to choose from) on your new property by putting up $9K.  Pay off the car.

Give the investor one of the following:

1. Appreciation

2. Cash Flow from the property

3. Interest (like a loan)

4. A combination of these

Now you've killed two birds with one stone.  

Or you could just ask @Brian Simmons he's bought a couple over the years.