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All Forum Posts by: Jason Dillard

Jason Dillard has started 33 posts and replied 520 times.

Post: Sell or hold my residence

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 548
  • Votes 270

d.  Exchange now at 500k over basis into income property with lease back and put option for 300k more. 

Post: GATOR method people?

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 548
  • Votes 270

Correct, you as the "lender" have to control the contract as the buyer.  There is risk that the parties won't agree to return the cash held in escrow.  There is a risk that escrow agent will steal the cash.  Every transaction has some risk.  I'm just saying it can be done while mitigating the risk.  

Post: GATOR method people?

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 548
  • Votes 270

If you control the contract, and the money is refundable, your money is not at risk.   BTW I don't know Gator. 

Post: Too many deals! Need some creative ways to stretch my capital

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 548
  • Votes 270

Give them enough money every month to cover the negative cashflow due to their nursing home bill.  Secure that income stream with your other keepers.  Buy their equity over time with no intrest. 

Post: Check my analysis

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 548
  • Votes 270

What's the seller's favorite ice cream flavor?

Post: Seller financing fort lauderdale interest only

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 548
  • Votes 270

I would rather have I/O. What down payment does seller want? Does seller have debt? There is way to get this done without using your Cash.

Post: Paid off Rental Property!

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 548
  • Votes 270

We would take this house in return for a 500k property that is NNN leased. Why not go from active to passive and get more in net rents?

Post: Boston property vs 1031 exchange to turnkey REI

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 548
  • Votes 270

Flip the thinking.......How much equity do you have?  Would you spend that much for a shot at making 200 a month?  If not, exchange. 

Post: $5,000,000 - What would you do?

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 548
  • Votes 270

Buy out partner with Paper.  Don't leverage your property with a bank.  Use your equity without a bank  to get your next deal done. 

Post: $500k to Invest, What Would You Do?

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 548
  • Votes 270
Quote from @Theresa Harris:

If you've never done rentals before, I'd be careful with how you start.  Look at quality properties (not something that is cheap and looks good on paper).  Also be honest with what you want and how much time you have.  As you are partnering with your sister, have a legal document drawn up as to what happens if one of you wants to sell and the other doesn't, how expenses will be split along with money you are putting down, borrowing, profits, etc.


 Buy your flips with soft created Paper secured by a flip you’d like to keep.  Create the payment that’s very low in comparison to what your keeper would bring in rent.  Consider lease optioning the “now keeper” and walking the created debt forward if you lease option buyer can cash you out. 

These strategies would will grow you cash flow safely without dealing with a bank.