All Forum Posts by: Josh Everson

 Ahh ok, so essentially if she assumes the remaining mortgage at $200,000 + $30k option fee, my tax obligation would be on $230,000 (not discussing capital gains work arounds...)?

Hey everyone, does anyone have experience with "selling" their home where someone assumes your mortgage rather than selling for a profit? My investor friend has a lease option on my property to assume my mortgage and property so she can get the terms, while giving me $30,000 over two years for the option to assume my mortgage and property. She gave me $15,000 last year and the other half this year and will be assuming my mortgage. My question is what are the tax implications of this? What taxes do I owe if she only assumes the remainder of my mortgage vs selling the property to her the traditional route?

Hi all! I am relatively new to real estate investing, in negotiations on my 3rd deal now. One of the goals I have set for my business is to invest in making my properties “green,” such as solar panels, etc. 

Has anyone else started investing in green properties, or thought about it? How so? Any suggestions for getting started moving that direction? 

My vision is to have one of the greenest property investment businesses in the industry one day, seems as no one else is going to do it and this would be a great way for me to make an impact. 

 We didn’t go into details, they were clients from my healthcare job so not a lot of time with them. But they did say they have 5 STRs in Park Circle and never had a vacancy and on average make $2,000 more a month on each one than what they would have got from renting. One they said they posted on AirBnB for first time and within 3 hours it was booked out for a month. 

The deals are there, just have to find one that works for your numbers. 
Right now it might be worth looking at foreclosures or homes with tax liens to get a property for cheap.

Hey Ashana! Park Circle in North Charleston has been a great area for STRs; I had some clients in the past who have AirBnBs there and they STAY booked year round. 
I’m currently looking at one place there but it needs a good bit of renovations first and I’ve never done a flip so.. 

Ahh, yes, so my plan/strategy would involve sandwiched lease options by finding someone to do a lease option under me. So if I originally got a property as a lease option for $100k and then I set up a lease option with a tenant/buyer under me for $110k, and if they do buy then I keep the $10k difference plus whatever difference in monthly rent between what I was paying and what my tenant/buyer was paying. 

Another route would be that I actually do exercise my option and buy the property in the future when I have a decent down payment for the mortgage loan, and keep the property as a LTR. Obviously I would have a traditional tenant during my lease time so I can make some cash flow. 

My biggest reason for going this route is that Charleston, SC is expensive and I do not have enough $$$ for a down payment right now. There is a lot of new construction and investments and plans for North Charleston that will cause prices to skyrocket even more within the next 10 years, so with the lease option I can at least lock in a purchase price and not worry about being priced out of trying to buy a property. This will give me significant equity in the property right off the bat if I do decide to buy in the future, all while making monthly cash flow in the process. 

Hello BP Community! 
I am new to real estate investing, well I have been researching and reading a lot, but finally starting to make moves. I have very little to no money to get started, so of course all of my research to getting started has been about strategies getting started when you have no money. 

I am thinking doing lease options is my best bet to getting started. I know there are a lot of moving parts to these, but does anyone have any advice for executing these effectively? Has anyone else started with lease options? 

I live in North Charleston, SC so the market is hot right now and well out of my price range, but the investments into this community are going to raise costs even more and I want in now.