All Forum Posts by: Ran Fridman

Hello guys, we plan to take cash out refinance from one of our houses that are paid off ( no mortgage) and then 1031 exchange sale.  

Appraisal for our house value $ 200,000

Step # 1 - Cash out refinance $ 140,000

Step # 2 - 1031 sale of the house for $ 200,00, so we pay back $ 140,000 to pay off loan for Cash refinance.

What happens with $ 60,000 left do put in escrow or third party and now we need to buy new property for $ 200,000 or higher to avoid capital gains tax?

Thank you in advance for response.

Ran

Hello, my friend, as a Property Management Company, here, in Chicago, we charge 10% per month. I think it's the ideal rate for both sides to cover expenses and so on.

Public Group Event:

Learn How to Start and Manage your own Real Estate Rental and Property Management Business using the Latest Technology

For Details Please Visit:

https://fridmanproperties.com

(Copy, Cut and Paste All Links into your Browser Window if you Cannot Open the Link ABOVE)

Q and A Every Week on Thursday, October 19, 2023

7:30 PM - 8:30 PM CDT

ONLINE EVENT:

FREE Weekly Real Estate Education Meetings Q and A:

? > How to Buy Your First Home

? > Home Buying for Beginners

? > Real Estate Investors (Intermediate - Advanced)

? > Property Management Business

? > Renting Vs Buying

Hosted By FRIDMAN PROPERTIES FAMILY (Speaker: Professional Realtor, Ran Fridman, CEO of the Fridman Properties Family and Partner with H23 Capital ... "I am a dynamic and forward-thinking entrepreneur with a deep-rooted passion for hospitality and property management with over 20 years of experience." Ran is also certified with the Community Investment Corporation for Multi-Unit Property Management.)

Take your Real Estate Knowledge to the HIGHEST LEVEL

Quote from @Anita Afandy:

Hello fellow BPers!

I am wondering if any of you know a trick to reduce water bills in Chicago? I have a few multi family and their water bills seem normal. However, in my single family where I reside (in the northside of Chicago), the water bill is closer to 160$ a month since I have a 35" frontage. I tried installing meters but was told to wait due to lead pipeline issues....

Thank you in advance for your suggestions!! This community rocks!

Quote from @Adriana Saldana:

Hello everyone,

Does anyone have good recommendations of local property managers In Milwaukee, Wisconsin? Please share. Thank you!

Hello, my friend, my name is Ran Fridman I'm the owner of Fridman Properties Family Management Company and we will be happy to help, feel free to schedule a complimentary online meeting with me

here is a link https://www.fridmanproperties.com/property-management-meetin...

Thank you and looking forward to speaking with you,

Ran & Family

Quote from @Sarah Baniewicz:

Anyone have good recommendations for a property manager in Chicago?

Hello, my friend, my name is Ran Fridman I'm the owner of Fridman Properties Family Management Company and we will be happy to help, feel free to schedule a complimentary online meeting with me

here is a link https://www.fridmanproperties.com/property-management-meetin...

Thank you and looking forward to speaking with you,

Ran & Family

Quote from @Cesar Ferreira:

Anybody has recommendation on property management in Jacksonville, I would appreciate your help

Hello, my friend, my name is Ran Fridman I'm the owner of Fridman Properties Family Management Company and we will be happy to help, feel free to schedule a complimentary online meeting with me

here is a link https://www.fridmanproperties.com/property-management-meetin...

Thank you and looking forward to speaking with you,

Ran & Family

Quote from @Cesar Ferreira:

Anybody has recommendation on property management in Jacksonville, I would appreciate your help

Hello, my friend, my name is Ran Fridman I'm the owner of Fridman Properties Family Management Company and we will be happy to help, feel free to schedule a complimentary online meeting with me

here is a link https://www.fridmanproperties.com/property-management-meetin...

Thank you and looking forward to speaking with you,

Ran & Family

Quote from @Kevin Pinkard:

Any suggestions for property managers in the new orleans area?

Hello, my friend, my name is Ran Fridman I'm the owner of Fridman Properties Family Management Company and we will be happy to help, feel free to schedule a complimentary online meeting with me
here is a link https://www.fridmanproperties.com/property-management-meetin...

Thank you and looking forward to speaking with you,

Ran & Family

Quote from @MaryAnn Morelli:

Anyone have recommendations for property management company in Charlotte, NC area?

Quote from @Jonathan Twombly:

Hmmm. I'm not familiar with any companies that manage SFR.

Quote from @MaryAnn Morelli:

Anyone have recommendations for property management company in Charlotte, NC area?

We do, my name is Ran Fridman I'm the owner of Fridman Properties Family Management Company and we will be happy to help, feel free to schedule a complimentary online meeting with me
here is a link https://www.fridmanproperties.com/property-management-meetin...

Thank you and looking forward to speaking with you,

Ran & Family