All Forum Posts by: George C.

 any thoughts on Lilburn market? 

Has anyone done a 1033 exchange for loss of rental property and how to file in current tax year if you have no identified a replacement property? I saw there was 2-3yr time frame to replace the property? Any help would be great thank you!

@David Smith I used 2-3% annual appreciation for a 5yr holding period, and it certainly didn't double in value, how do you figure the rate of appreciation in your market?

@Brendan Miller got it, thank you that's helpful!

@Account Closed wow thank you for your insights, definitely agree with you about leveraging multifamily and this property is a 2 fam, looked to be in decent condition but don't know what an inspection would uncover, you're def right about checking those potential repairs, and very interesting business model you mentioned, will have to look that over again, thank you for your input!

@Morgan Williams I plan to house hack it and rent out both units after 1yr, yes I want to use FHA if possible for lower down payment and then refinance after a year to a conventional loan, so I can limit my actual cash outlay since I plan to do some renovations and want to have reserves

@Brendan Miller do you use other metric other than the CoC? how about ROI/ROE

@Brendan Miller that figure is projected rents based on comps after some renovation and you're right that's why I was trying to be really conservative to see if it's a good enough deal without full market rent, it is a 2 family, and most of the figures I am getting from the listing, they seem to be fairly recent, for PM I just factored the cost but didn't actually think about what that would actually pay for, thanks for mentioning that, the property is in decent shape, just needs some updating, but wasn't really sure if it makes sense at this price point.

@Cristian Ramos definitely interesting point to consider, thank you for your thoughts

looking for some help to analyze this property, would this be a good deal?

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