All Forum Posts by: Jon Deavers

I currently own shares in a couple of REIT's as a parking place for some cash while saving to purchase a S/MFR. I was wondering if it's possible to shelter the cap gains using a 1031 when the time comes to liquidate and use the REIT value for a down payment?

Sounds good in theory (I will be selling a real estate asset worth X dollars to buy a larger real estate asset worth X+ dollars) but does the trust being securitized throw a wrench in the works?

I would start with the county/city and ask the department of revenue who is currently liable for the taxes (a clerk may have more up to date information than the website) and they can probably also explain exactly how the tax debt will follow the property. Probably a good idea to consult a real estate attorney who is familiar with that locale to be 100% sure of what impact the tax lien will have on the title as it changes hands as well.

@Ryan Harris We live in the west end currently. I'm lining up things to by a SFR buy & hold or a multifamily/primary in 2014 hopefully in the old west end or north side area.

What part of town is your focus area?

Hello Ryan,

Welcome to the site. Fellow Richmonder here. Lot's of great info and people to help you out.

Hi Kendra. Welcome to the site. Church Hill is beautiful (and getting better every year). I'm currently in the West End (land of strip malls and the boring end of Broad St). From what I've learned, there's some great advantages in investing in properties in historic districts and properties. Best of luck!

Hey Brad. Welcome to the site. Always good to see more folks from the country's #1 River City!

Hey Jason. Welcome to the site.

I'm very new to the ideas presented here as well, but I can say that the podcasts that the BP guys do are invaluable. That's how I found the site was through the podcast search in itunes. Each one is chocked full of great info about various approaches to the real estate investing world. I highly recommend them!

Hey Grant. Welcome to the site. I'm very green also but have found a lot of great information on this site.

I'm just up 64 on the west end of Richmond, so feel free to reach out if you make it up this way as well.

Good luck!

Let's plan to get together Wednesday at 530 at Starbucks in Short Pump (the one next to Bertucci's right off Broad). Brainstorming and some review of next steps for individual plans? Coffee's on me!