All Forum Posts by: Josh Quinn

We are currently using Excel spreadsheets to organize our buyers list for different zip codes in Florida (getting deals isn't an issue, so just focusing on optimizing our system here). Any suggestions on CRM software to help us 1.) organize our buyers list and 2.) can send emails and text blasts about particular deals we need to move to specific groups of buyers?

@Jake Thomas They are looking to move out of the highly taxed jurisdiction of EGR and into something smaller since they will be empty nesters. I was curious about what their options might be if they wanted to purchase two smaller homes after selling (one for primary and one to buy and hold for renting) and if other people on BP have experienced something similar. 

I would like to discuss the HELOC option if you would't mind contacting me directly, not to pressure him, but perhaps to give him insight on what his options may be (past selling 1 for 1).

Ok great. Thank you guys.

To give everyone some context, my dad is a D.O. (internal medicine) at a hospital in Grand Rapids, MI. I have talked to him over past few months about buying a rental property for supplemental income and getting into the real estate realm. Neither of us have experience (we are both science guys), although I have more of an entrepreneurial edge about me, which keeps my curiosity alive and well. 

I am about to graduate grad school and work for a few years in Grand Rapids before hopefully getting out to southern California, and my parents are waiting to sell their home in East Grand Rapids until after I'm gone. Their last appraisal was set at $850,000. My dad is 57 years old. 

My question is do they have the option to 1031 their home into something like a multifamily home for cash flow and another primary home? Or has anyone encountered this scenario before and have suggestions? Just looking for options and talking points for my dad. Neither of us are aware of options beyond selling. 

Thank you for the help!