All Forum Posts by: Kevin Turano

update- I went to an HOA meeting and afterwards had a "hearing".  Sounds scary but it was very informal and polite.  They asked if i could "trim branches overhanging sidewalk and cut  branches off up to 7 feet."  I agreed and did the trimming yesterday.  I think they are going to check it next month... Here is a pic after the trimming, (i wish i had taken a before pic)  i'll keep you posted ! 

I'm sending a letter to them, i'll let you know how it goes!

thanks!

Hello,  I'm in Texas, my HOA sent me certified letter that I would be fined if I did not remove 6 trees that are within my "parkway area" (aka parking strip or road verge).  What is the best way to fight this?  
Note: 
-The trees have been there for over 10 years
-The trees are Crepe Myrtles (native to Texas)
- They are well maintained
- About 10 years ago they sent me a letter and when i pushed back they said they would be ok as long as i did not plant more and i maintained them (i can't find the ppwk)
- There are other Crepe myrtles in the HOA park way areas less then 200 feet from my house

Any advise is appreciated

Interesting.  Thankyou.

hello, If I am the owner and sell a property by owner financing it / carrying the note; can I still do a 1031 exchange?  For example, lets say that that I own property and buyer pays me $50,000 and i finance $50,000 over 20 years.  How is this handled?  Is this typically bad for tax strategy?  Please advise.

PS- If i take that $50,000 down payment and purchase a rental property with in 180 days can that be a 1031 exchange?

Hello, i know  this thread is from years ago.  Just wondering what you did / learned.  I am thinking about doing an owner finance as well.  It is more difficult to find info on the seller side.  Regard,

Hello!  I have a similiar current situation.  What ended up happening with this?  

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $88,500
Cash invested: $30,000
Sale price: $160,000

BRRR. Purchased duplex for $88,500. $35,000 Rehab. Rented for $1,600 monthly. Refinanced at re appraised value of $160,000

What made you interested in investing in this type of deal?

Price. Location. Financing.

How did you find this deal and how did you negotiate it?

Looked at OLD mls listings instead of NEW.

How did you finance this deal?

Short term rehab loan and then refinanced.

How did you add value to the deal?

30,000 rehab.

What was the outcome?

$160,000 appraisal. 5 year rental agreement at $1,600.

Lessons learned? Challenges?

Too many to list right now!

...Guess i'm a little late to the meet up... (2021)