All Forum Posts by: Julie Hochwender

 Do you have any info for these groups so others reading the thread would have an idea as well as myself where to look them up for the information. I think a solid mastermind of more learning smaller group would be nice in the area. 

Not to be rude but ask your realtor for help or search for facebook groups or facebook market place in the area that have the services you are looking for, handyman will post there as well as all other professions

So my husband and I are about to sell our primary residence. We built the home, my son is a GC, and had a great bidding war and got $30K over asking price! We are looking to move out of small town Western NC, no workforce. We rent a property right now (motel, 7 units) that does about $14K per month. We have no one (but ourselves) to clean and do improvements. We can get out of our 7 yr lease by paying a $5K to the owner. We should net about $150K out of our home. However, since we did not reside in the home for 2 years, we have to deal with capital gains. My good friend told us that the govt gives us a one time "buy down" to invest a portion in our new primary residence and then use the rest to start our real estate dreams. We are wanting to head to FL. We are having a challenging time getting started. We are using the calculator and working deals and listening to the podcast to educate ourselves. 

We are not sure what type of property we should be looking at, duplex, multi family, commercial... Oh an added bonus, we also just have one small credit card as debit, nothing else once we sell the home. My husband has a great W-2 job and has been there for over 15 years. Currently working from home and looks like he will have a lot of flexibility once this covid stuff is done. 

Can anyone help point us in the right direction?!?!?! Help!

Thanks!

J&J from WNC

Husband and I have a cabin that we built and filed for completion certificate date in July 2019, took a loan out to build as primary residence. We signed a contract to sell last month and it closes May 14, 2021. We will have 150K from the sale after. We want to reinvest but not sure what to do with the money. Normally we would build another house but the cost of material is way too high. Do we divide the money and buy several homes? Do we have to pay taxes if we reinvest, If so what is the tax we would pay on the money? Can we do a 1031 and if so do you have to invest the lump sum? Thank you for any help!

@Joe Splitrock

EXACTLY, so glad you get it. can you explain that to Utopian @Eric Weldon-Schilling