All Forum Posts by: Jaron Walling

How are going to defer capital gains tax?? That should be your biggest concern. A 1031 exchange into another property could solve that but you probably want to start the process now. 

$25,000 to purchase and rehab a property, that cash flows a good amount? That doesn't seem realistic. I agree with the previous postings to pay down your debt! There was a person on Dave Ramsey Show that had the same question... he could tell the guy wasn't listening or going to pay the debt off. Having debt and taking on more is wrong path into real estate. 

The title of you post sounds ridiculous and extremely risky especially if it's your first flip.  

I'm seeing a trend that when 1 house gets flipped, 2, 4, 8, and 16 more houses get flipped. It's alarming to me as an investor because I don't have time to flip houses, and it's eliminating a lot of good deals. For reference these areas were C/D+ class, but now QUICKLY turning to A class. 

As a buy and hold rental investor should I avoid these neighborhoods completely? Are any of you guys noticing the same situation in your market? Will a rental even work in these areas? 

The next question is how much can the HELOC afford in your market?? You could be competing against all CASH offers.

This is a good topic because I can see my self getting "stuck" in a similar situation. 

I agree with @Michael Dang. My neighborhood is battling over this issue currently as the city closed a large high school. The location is PRIME for apartments and big development. The older established home owners don't want apartments, but I think it's only going increase there property value. Rental rates will go up as well. 

 On my county website they have a property address, and an ownership address. 

If it's to good to be true, it probably is. I agree 100% @An Duong, you'll want to check out all the major mechanicals. I wouldn't want a 2 hour drive to fix a leaking water heater. 

Another plan of attack is to mail a hand written letter the neighboring property. The house next to the one your actually interested in could lead to a phone number and nice phone conversation. Just my 2c. 

@Account Closed Appreciate the breakdown of how you pooled some of your funding together! It's got me wondering how my 401k money could be refocused.