All Forum Posts by: Khaled El Dorry

I'm interested in details here

Do you have link to the properties? 

Can I keep my cleaning crew if I use your services? 

I have a portfolio of 3 SFH's (2 in Jax and 1 in ocala) and 1 duplex in port charlotte (never flooded or damaged due to hurricanes) that have done very well for me. I'm looking to bundle them and 1031 exchange them into a larger property. Does anyone have experience with that kind of transaction? Oldest is 7+ years old and newest property is 4 years old.

I’m really sorry you all are dealing with this.  I have had some interaction with this group.  Wagner used to work with an agent called Jean Gillen and I contacted them about some turnkey properties they were advertising. after some exchange of pleasantries I shared with her that I bought in Ocala in 2017 via another turnkey group and she went on to kinda talk very negatively about how poorly built these homes are. I didn’t get a good vibe from that group and didn’t proceed. Just for the record I bought my property in Ocala in 2017 for about $145k (3/2) and it had survived 2 hurricanes, appreciated $100k+ and has rented very well so she wasn’t remotely close to being correct. fast forward a year or two later and I got an email that Wagner had split from Jean and “borrowed” all her contacts and they are no longer associated with anything he markets.   within days Wagner comes up with this Brennah oaks development and markets aggressively and even wrote a book.

another few months I get a note from real wealth (Kathy Fetke’s group) through which I met my turnkey providers and they said they have cut ties with Jean Gillen and anyone associated with that group. 


so for my risk appetite I didn’t and wouldn’t do business with them and I live an hour from ocala. 

If you are maxed out on your W2 write offs (there is a limit). Self managing a STR has no limit and allows you to reduce your taxable income.

Hello - I've been slowly buying and holding SFH and duplexes for last 5 years - total 9 doors and they have done quite well in terms of CF and appreciating. I also ventured into STR and bought my first cabin in the smokies and had some good success with it in year 1. I have a W2 and self managing a STR is hugely beneficial when it comes to taxes so I am thinking about selling my LTR's and 1031 exchanging them into another STR with same or better CF and get more tax benefits.

The problem is they are 7 properties in flrodia and Ohio so not sure how feasible it is to sell all of them in time to make the 1031 exchange timing work.  Any guidance would be greatly appreciated. Thank you 

Thankfully I listened and didn't spend the money on the gaming unit and we’re off to a decent start.  I spent the money on renewing old furniture and setting up a nice game room so income>expenses so far. Of course February will be slow so we’ll see what the back end of the year looks like

https://abnb.me/l2NfxbwoDwb