All Forum Posts by: Joshua James

 Okay great, Thank you Dave! 

Hello,

So my ex-wife and I kept a Single Home rental in Central Oregon during and after our divorce. Unfortunately had to sell our Duplex in pendency of the divorce, which was cash-flowing wonderfully. We kept the single home property because we got zero offers during our divorce and were asking $30k less than we paid originally. We decided to rent it out instead and wait until the market went up to try and sell again. 

My question is: Once we sell, is it possible to 1031 exchange into 2 different properties, but each go into our own property without each-other's names on the other persons mortgage?

I'm also open to any suggestions.

Thanks!

-Josh

Hey ya'll,

I'm quite a new investor with just a Duplex and primary residence eventually to turn into a rental in my portfolio. Currently in the process to do the brrrr strategy on a single family, getting a hard money loan that's requiring $25k down for 169k loan. I don't want to put my capital into the down payment and I have an investor interested in doing the full $25k. What I'm wondering is how I can get the investor a ROI and how I should structure it. I know I should get with an attorney, but want advice from some who may have been in this situation before I proceed. I'd like to present the gifted funds with a strategy to the hard money lender.

Should I promise $25k back after refinancing then guarantee $10k back or something like that? Your knowledge is appreciated.

Thanks