All Forum Posts by: Jonathan Barr

@Kevin Lisewski

Hi my accommodator said my funds could be released after 46 days with state withholding a being taken out.

@Kevin Lisewski I didn't know the intermediary would need to continue hold it for 180 days.   I will check with my intermediary on that.  My capital gains tax hit will be higher because I'm in California.   The good thing is lived in one of the two units 2 out of the last 5 years.   So basically 1/2 the gain will be tax free.   The hit won't be as bad but it'll still sting.

@Chris Brown thank you so much for your response.   I will refer to your website. I'm in middle of the my exchange but I am preparing to take the tax hit if necessary.

I know its of the items National Association of realtors is asking of the government.   They are powerful lobby group in Washington and I feel like they could have some sway.   There is also revenue procedure 2007-56, which may allow for an extension for disasters.   It's clear if they this would take affect in this situation.   I think we are wait and see what the government does.   I have 43 days to select something and I hope they extend it.

@Dave Foster thank you for clearing that up.   That makes logical sense but I know sometimes these things don't make logical sense.

sorry just jumping on this thread for similar situation I have.   I am selling a duplex that I lived in 2 out the last 5 years. I am selling it for 1.4 million.   Its in LA crazy I know.   Its two houses on lot which are about equal size.   So the next purchase would need to be atleast 700k which is 50% of the sale price of my relinquished property?

Thanks

Jonathan

they also provide some contact information for certain properties.

I have been using this site Reonomy.com.   It has been very useful in finding owner information/sales/other info.   You can do a free trail to check it out. Hope that helps

Hi there are so many CRM's out there.   I want to see whats best CRM for tracking contact with agents/owner marketing?  I want be able to email, text and call all from one place.   I started a trail for Zoho and I know salesforce is big too.   Just wanted to see what might be the best for Real estate investor needs.

Thank you in Advance

Jonathan

you 1031 into the next deal