All Forum Posts by: Leslie Pappas

Hi All! My name is Shannon and I live in San Francisco, CA. Currently 28 yo and have around 100k ready to invest. I am very new to real estate and currently do not own any properties. I and am looking for a market that will possible provide me some cash flow + appreciation. I am honestly very overwhelmed with which state I should be looking in. I hear mixed reviews about investing in Texas because of the high property tax. But I know a good deal works well in any market. Texas, Indiana, Kentucky, Wisconsin, Tennessee, Florida? How do I narrow down my search ?

Investor friendly agents please reach out to me! I'd be happy to receive any guidance and work with someone who can find me a good deal in a good market. Thank you so much!

Can anyone advice on the 1031 exchange process, specifically with how it works and what to expect?

Hi everyone!

I am a single mom and physician in Baltimore, MD. I am eager to get into real estate investing, but keep getting stuck on how to start. I find that time is the biggest limiting factor. I also don't have any resources, or trusted contacts in the field. Ideally, I would like to have a rental property, and use a PM, so that I can be as hands-off as possible. I am also looking into syndications, but need to do a lot more research before jumping into that. 

I would love to invest in a rental property out-of-state, and have been looking at WV. What is the best way to find out of state contacts that you can trust? Would I just find a real estate agent to see the properties for me? Do I ever have to physically be there for any out-of-state deals? Is this even possible?  

Any help or resources is greatly appreciated. Thanks so much. 

Hello,

This is probably a long shot, but does anyone know of a DST that does not leverage the investment pool?

I know someone who may be interested in utilizing a DST during a 1031 exchange however, they do not want to deal with any loans as they prefer "free and clear" ownership.

Thanks,

Matt 

DRE 02100289

Hello Everyone, 

I have been studying multifamily investing since covid ended my career with Special Olympics. I miss the athletes I have worked with over the years. Needing a new career for my family it's time for me to go after what I have been wanting to do for a long time.  My goal is to own small apartments.  I have excellent credit and resources but don't know how to start. Any information to help me get started like funding etc. will be a great help. Need a mentor will help tremendously.  My family and I Thank you in advance. 

So I have a few rental properties. And I am wanting to get a ton more! I work a day job, but have also been wholesaling to try to bring in extra cash, for down payments on rental properties. I got a new property under contract a couple days ago to wholesale, and I got it for a good deal. 

I have decided I want to sell one of my properties that I currently have gutted, and am rehabbing, in order to keep the property that I got under contract to wholesale. 

Do I have to close on my property I am rehabbing before I close on the new place I got under contract? 

I got the new deal under contract at a good price, and could get out of the rehab place almost evenly. 

But if I close on the new place first, ( I have the funds to float them both) will I get taxed hard on the sale of my rehab property? 

Or how do I 1031 this so I have no taxes?

Essentially I am wanting to trade the properties out for similar value.