All Forum Posts by: J. Robert Santos

@Steven Lopez, I do agree with Michael Plaks here as well. I did jump immediately to a tax strategy, as your post was written in a way that implied a tax burden. However, it is very important to derive a plan based on your goals and objectives. Good luck my friend!

@Steven Lopez, look into purchasing a 1031 exchange for investment property. Will allow you to reinvest all into other investments alike once this one is relinquished. Has some nice tax incentives. Talk to a 1031 exchange expert in your area. Good luck!

@Hunter Harms , if those lists are in Microsoft Excel format (or CSV), I would suggest you do a VLOOKUP. This function allows you to find alike values within other spreadsheets (or same spreadsheet). This is one of the easiest ways to find an existing value within an array.

@Michael Reyes, I hope you are well! Yes, I sure am. I own a business brokerage firm, Stratton Business Brokers, and am a commercial real estate agent at Commercial Market Exchange. What are you looking to do within the MF market?

Thank you

@Ray Hernandez, Well, after re-reading your posts, my mistake. Although a 1031 offers its advantages, it really only works when relinquishing one investment for another. I miss read one of the messages

@Ray Hernandez, All have offered great advice herein! In addition to all other posts, I would suggest you leverage the benefits of a 1031 exchange when acquiring the desired real estate. There are tax advantages in doing so. I would consult with a 1031 exchange expert on this, as they will provide you with the most accurate knowledge needed to make the best decision (assuming you go that route). Good luck!

Hey @Lisa S.! I would ask that he put a minimum of 1% of property price down. I am an investor and commercial real estate agent in Austin, TX, and I will tell you from experience, make sure you hire the right help. As other posters here have stated, you need someone skilled that knows your market and can offer you expert advice. Make sure you counter back with terms that are in your favor, as you are not desperate to sell. Now, I am not saying make no concessions, I am just saying make sure you reduce your out of pocket expense as much as you can and put contingency clauses in the offer that give you an out. Good luck!