All Forum Posts by: John Acheson

THANK YOU EVERYONE for your replies :)

I've moved on to Deferred Sales Trust

over 1031ing and getting out of condos

and possibly into land development...

the other option is entity driven dev.

front loaded cost segregation

and accelerated depreciation

if you want to go next level

and become a developer?

the secret is asking your target

counties for the FUTURE

"land use map" if the county

has one and setting up a win

win for the local politicians

and a large client like Amazon, etc.

i.e. build  and pre-sell a warehouse LOL

why NOT use Internal Revenue Code 453

aka Deferred Sales Trust the other DST

on YouTube introduces the concept

really easily in three min.

I'm SHOCKED so many investors

have bought into 1031ing

and over paying  for

properties they don't love...

Internal Revenue Code 453 aka DST NOT Delware BUT Deferred Sales Trust are a great way to avoid the warnings and everyone steering you towards 1031s during a rising market where you'll probably end up overpaying.

But good luck finding someone with a track record of 453 DSTs.

I'm looking/researching hard and you can start with

brett with capitalgainstaxsolutions.com on YouTube

Hope this helps you save MILLIONS in taxes

by providing wealth through TRUE

passive income :)

receiving small duplex as a gift free and clear,

what's the earliest date can pull HELOC,

for fix and flip?

Hello, I'm a newbie to fix & flipping about to get into a small duplex (1bed 1bath ea) zone mixed use in a small town.

There are no current comps for what rentals go through incl. apts, offices and retail.

How can I find out the highest best use for my rehab?

I'm inclined to remove the kitchen and bedroom,

and just make two large office/retail spaces?

Won't this force the most appreciation

or do investors prefer residential tenants?

I'm a newbie too looking at Vegas vs Austin but is there a creative film based community in Vegas?

Thinking of getting into a rental then turning it into a studio for creating content :)

Joe, contrary to popular belief,

you can build a thicker EIN profile,

if you have a nice FICO and guarantee.

OR you can start with ULINE, OD, Staples, etc.

then Lowes, Home Depot then VISA/MC,

then AMEX then bank cards.

Nav.com can help you for free,

banks love business checking accts.

or "operating accounts" and bonuses

can help you get free cash to build:

FICO, EIN, SBSS, Experian are the ones,

Trans/Equifax hardly really matter...

Do you want a SBA loan? SBSS is the key

What's the real details?

it took 200 days to double close

What's the purchase price?

$585K we did 10% down

What's the loan amount?

50% CU 4% 1st, 40% SBA 3% 2nd

What's the location?

Petaluma Business Park

How much down payment?

10% + double closing costs

Appraisal done? If so what's the value?

same as purchase price it costs $3K!!!

Owner occupied or investment?

OO by two small businesses
required to take 51% or more,

but we're talking to HOA about

"building a wall" LOL

I'm sorry for miss-communicating my scenario,

we're using LoopNet to search vacant properties,

to owner occupy and build our reselling businesses.

So the reason we like the Zestimates

is that they show up for vacant properties.

I'm mentally ill & physical disabled,

so I'm talking about the lowest priced retail units

that are almost ALWAYS VACANT CONDOs in strip malls.

The bank charges $3,000 for an appraisal,

so how to get a good number without just

ballparking the square footage sold comps

that are hard to find for small retail condos.

I don't have a team or other people that can help,

just a DiY guy that wants to buy a retail condo,

for the lowest possible price, build a retail biz,

then flip the business with condo to one buyer.

Does this make sense?