All Forum Posts by: Jennifer Thomé

@Jonathan Taylor

Maybe worth mentioning it used to be single family and the city reclassified it as a townhouse because the wall of the storage touches the neighbors storage. Appealing that as we speak.

@Jonathan Taylor

I realized that after! So sorry. 800 credit, value is around 350,000. I got the house, which is paid in full, in a divorce and am still on the mortgage of the California house but have a divorce decree that says if he misses one payment then he has to sell and pay me damages.

I’ve been renting the house out.

Depending on the rates I’d like to take out 80%.

Income is around 140,000 per year and i have very little personal debt.

I live in California and refinancing an investment property in Colorado. Currently at 4.125.

Wondering if that’s too high?

@Carlos Ptriawan

Thank you!

@Ethan G Stine I was too! The question is, would you recommend it? I don’t see any real benefit to it, but I also don’t know the CA market in that area.

Hi all! We’re looking at investing $1.2M

In Phoenix, AZ, Colorado, Austin, TX, or Apple Valley, CA.

4 family members have chosen these areas for various reasons, and we need to make a decision.

Would love your input! And we’ll be looking for agents, too, so please share if you are one. Need to reinvest soon as it’s a 1031.

Thanks!

@Dave Foster Thank you!

@Steve Morris thank you!

My In-laws are selling a plot of land and gaining a 1.4M profit (original price was 120k).

They are weighing 1031 vs. trusts vs. starting an LLC. Their main objective is to reduce tax liability and reinvest in something high growth, preferably not tenant occupied (but I think they could be persuaded).

We’re in California, so a 1031 means more paperwork.

Ultimately they would like to create a. Business and wealth assest for their kids.

What would you do? 1031 it? Charity trust?