All Forum Posts by: Matt Smith

I need to spend $200k within the next 4 weeks to buy a place in the bay area (loan ok). This is for a 1031 exchange. The main target is to maximize cash flow. Do you have any advice on what/where to buy? 

Just found this 1031 exchange calculator. Cool!

http://apiexchange.com/index_main.php?id=8&idz=117

I would like to estimate the amount of capital gain taxes that will need to be paid for partial exchange for these assumptions:

- Property sold: $800K, proceeds, $350K

- New property (property A) identified and offer accepted: $500K. No other properties purchased/identified.

- Downpayment for property A is $150K.

- Capital gain tax 20%

What would be approximately the amount of tax due? Does it depend on the downpayment amount for property A?

I am planning to do an investment on a land in northern california and put some Airstreams do rent on Airbnb. Is it a good/bad ideas? Do they need to be plugged to electricity/water or they can be recharged/refilled? How about the toilet maintenance? Is it legal in Northern California?

If I win at auction.com, do I do the payment to a title company or to the site directly in case I win the auction? If it's not to a title company, is there another online auction where it is the case? Can I buy a property using 1031 exchange proceeds?

Is it ok to send multiple offers at the same time even though I will only buy one at the end? My agent says it is ok....but what if 2 of them accept? I would be in contract with 2 simultaneously...Is there something in the offer sent that needs to be included to avoid any pb?

I would like to buy a buy and hold property and would prefer a new construction as there is less maintenance. I am targeting the Bay Area in Northern California. Is there any new construction you would recommend? or recent condo/apartment?

I am concerned though that because I am an investor, I cannot buy  as the buildings usually limit the purchases to people actually living in?

I am planning to buy a rental property to run it as a Airbnb, 100% of the time in either Berkeley or Oakland. Are there some restrictions in these cities?

@Christian Dowell

Thank you for the details. Berkeley, SF, etc. too hard to enter the market and many of those cities have airbnb restrictions.

@Christian Dowell I am interested in Airbnb. Is it better in Vallejo or Fairfield or Benecia from a cash flow standpoint?