All Forum Posts by: Jordan Bradberry

@Johnny McKeon Johnny I noticed your a pro "I'm currently seeking the expertise of a real estate tax professional. I believe that there may be untapped potential in my real estate investment strategy, and I want to ensure that I'm not leaving any money on the table. Your assistance and guidance in optimizing my tax strategy would be greatly appreciated. Please, I need your help."

@Erik Browning I noticed your a pro. "I'm currently seeking the expertise of a real estate tax professional. I believe that there may be untapped potential in my real estate investment strategy, and I want to ensure that I'm not leaving any money on the table. Your assistance and guidance in optimizing my tax strategy would be greatly appreciated. Please, I need your help."

Hello all,

1. "I have a rental property in Topeka, Kansas, and I'd like to transform it into specialized housing for seniors or those with developmental challenges. What legal, logistical, and financial steps should I follow to make this transition successfully while maximizing returns?"

2. "I've encountered challenges selling my Kansas City, Missouri home, initially listed at $425k but reduced to $390k, while having a contingent purchase at $515k with a need for $150k for payoffs and closing costs. How can I effectively navigate this situation and secure a buyer quickly to meet my financial requirements?"

@Brady Mullen off-topic, however please see below.

1. "I have a rental property in Topeka, Kansas, and I'd like to transform it into specialized housing for seniors or those with developmental challenges. What legal, logistical, and financial steps should I follow to make this transition successfully while maximizing returns?"

2. "I've encountered challenges selling my Kansas City, Missouri home, initially listed at $425k but reduced to $390k, while having a contingent purchase at $515k with a need for $150k for payoffs and closing costs. How can I effectively navigate this situation and secure a buyer quickly to meet my financial requirements?" please advise?

@Melissa Hartvigsen off topic however

1. "I have a rental property in Topeka, Kansas, and I'd like to transform it into specialized housing for seniors or those with developmental challenges. What legal, logistical, and financial steps should I follow to make this transition successfully while maximizing returns?"

2. "I've encountered challenges selling my Kansas City, Missouri home, initially listed at $425k but reduced to $390k, while having a contingent purchase at $515k with a need for $150k for payoffs and closing costs. How can I effectively navigate this situation and secure a buyer quickly to meet my financial requirements?" Please advise

@Lloyd Preece I am in the middle of a deal now I will be selling my current home and moving the $175,000 profit to a purchase of a home for 515,000. The house is roughly 4000 ft.² it has an updated outdoor kitchen patio deck and a stone fence wall in the front. We are currently in negotiations about closing cost he’s offered to pay 5000 should I fight for more or should I just walk away from the deal I believe this home will be worth $1 million in the future. Please advise?

@Ryan Gillette great idea, so are you referring to an umbrella policy? Wouldn't a 2M policy cost a ton?

Hello All,

I own four properties, which include a duplex, a condo, a single-family home, and my primary residence. I've been researching ways to protect my assets effectively, and I'm considering creating an LLC owned by a C Corp, which in turn is owned by my trust that holds all my assets. I would appreciate hearing your thoughts on this approach or any suggestions you may have for my situation.

Additionally, I have two open Home Equity Lines of Credit (HELOCs). One has a limit of $87,000 with a monthly payment of $515, and it's on my duplex. The other has a limit of $97,000 with a monthly payment of $1,057. I've used the entire $97,000 HELOC to purchase a property in cash, which is generating $1,195 in monthly cash flow. I've also used $45,000 from the $87,000 HELOC to purchase and renovate my primary home. I would greatly appreciate your advice and guidance on these matters.

Thank you.

@Skyline Lau Thank you. I was able to use a cost segregation write off. Do you know of any other strategy’s I can use?

I own two properties.

One is a duplex, I live on one side and rent the other.

Should I hire a Realesate lawyer and create an LLC for both properties?