All Forum Posts by: Justin Ake

George & Andrew,

   Thank you. Again, throwing out extra options that don’t readily come to mind. This really helps me build the back up plans as I enter negotiations and try to make this transaction beneficial for both sides. I really feel like the more options I can give to the buyer, the more I can make him comfortable and feel more in control of the transaction. Keep both sides happy and it helps build a reputation that people want to work with. Thank you gentlemen. 

Mr. Kiel,

   Wow!  that’s a true testament to the idea of knowing the right questions to ask. The thought of selling the note but never occurred to me, and I never even thought of it as an additional asset. I’ve been googling the process now which again seems to take me into a whole new layer of how to think about the transaction and waste him manipulated to my advantage. when you have time, would you be able to explain some of your tips and tricks that you’ve learned from selling the note? Sounds like you have some of that next level experience that many of us beginners and those of us in the mainstream way of thinking have never dealt with. 

Sounds like the good idea fairy got me again. Can’t tell you gentlemen how much I appreciate the feedback and giving me some pretty concise answers. Sounds like I need to walk away from this idea and think of a better one. Monday Night Margarita Madness is a great time, but not where I should be doing my tax planning apparently. 

I have an opportunity to sell one of my properties using seller financing. I hope someone can help me navigate the pros and cons. 
1. Can I still use this home’s equity for other deals while the buyer is paying it off in the next few years?

2. Can I still depreciate it until the buyer makes the final mortgage payment?

3. How are my taxes calculated and what years would I pay for the profit I make?

Never done this before so I’m flying blind and hoping someone has a few tips to help me figure this out. Thank you all!

I read somewhere on this site that opportunities existed for investors to lend money to other investors to help finance the deal. Obviously with a payback eventually. I'm a real estate investor myself but I am very busy running my company's day to day operations so I currently do not want to take on additional rentals. I'm willing to help other accredited investors however by passively lending them money. Anyone know where  go on this site to find such opportunities?

On Thursday night's webinar, Brandon mentioned that he likes to provide sellers with options when he makes an offer. One of those options was to offer full price with a rehab credit that would be held in escrow to make repairs to the property. Can anyone explain how that works? Do you simply pay the contractors out of that credit? What if you do the majority of the repairs yourself? Do you give yourself the credit? Never heard of this before so I'm confused on how this would make sense to a seller. Thanks for any help.

On tonight's webinar, Brandon mentioned that he likes to provide sellers with options when he makes an offer. One of those options was to offer full price with a rehab credit that would be held in escrow to make repairs to the property. Can anyone explain how that works? Do you simply pay the contractors out of that credit? What if you do the majority of the repairs yourself? Do you give yourself the credit? Never heard of this before so I'm confused on how this would make sense to a seller. Thanks for any help.