All Forum Posts by: Eli Gilbert

@Bob Prisco

Hey Bob, I think you miss understood the OP’s comment, when she said “like you” it was going on the following line that both you guys don’t need meetups to find deals, not going backwards implying that you sell guru pitches etc. there is a , before the “like you”

Read it again......

I think

@Dave Foster

Wow, very informative!

Great response!

Thank you!

I’ll look into this, I have to figure out my goals, finances and personality!

Lol

@Vincent Incopero

Got it thanks

@Darius Ogloza

Thanks for your response, I hope not, let’s see what happens........

It’s back on the market

@Ashish Acharya

Oh, ok thanks for response

I am new to this and have heard of the 1031 being used to avoid paying taxes!

Can you put profits from a flip, (which is usually considered capital gains), into a 1031 to avoid taxes?

Essentially this question doesn’t make sense, because the idea of flipping is for short term money now, etc, however I am asking if I can 1031 into a primary residence, thereby skipping tax season!?

Lol

@John Teachout

I agree, just the risk of him being correct was too much for me!

There was a heaved floor in basement, with obvious signs of water damage and water under the floor, the only question was how it got there and how extensive of a water proofing would be necessary!

@Dennis M.

Thanks Dennis, I agree, I now have a better system (for someone with no cash)

I have the original HML, who was a friend for down payment and when things go wrong, and I found a HML who doesn't require the down payment to be my own cash!

What are your thoughts?

I specifically didn’t want to get into rentals until I have capital for reserves, so wanted to flip a few to gain capital......

@Odie Ayaga

Thanks odie!

In the end I backed out......

@Ian Walsh

Thanks Ian, wanna fund my next deal!?

Lol