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All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 4 times.

Post: Heloc and 1031 exchange

Account ClosedPosted
  • Salem, OR
  • Posts 4
  • Votes 0

Thank you Dave, I totally forgot about the 250k tax free primary home after 2 years. I had been reading about 1031 exchanges and got fixed on them. 

Post: Heloc and 1031 exchange

Account ClosedPosted
  • Salem, OR
  • Posts 4
  • Votes 0

I was originally getting a heloc to pay off our new roof but now I have an option to sell the property. My ? Is if I were to sell and use a 1031 exchange to purchase rental/home property, can I pay off the heloc with sale of home and still use a 1031 exchange?

Post: Submitting offers

Account ClosedPosted
  • Salem, OR
  • Posts 4
  • Votes 0

thanks for the great feed back. Yes I do have earnest money but need to find cash buyers prior to obtaining a deal...thanks

Post: Submitting offers

Account ClosedPosted
  • Salem, OR
  • Posts 4
  • Votes 0
Ready to begin submitting offers on MLS properties that work with my numbers. I know I can find investors to fund my deals; However, I don't have a "proof of funds" document...is it a must have? Advice?