All Forum Posts by: Matthew Lockwood

There is a meeting that meets somewhat regularly:

https://www.biggerpockets.com/forums/680/topics/208384-any-kc-investors-want-to-grab-a-beer-and-talk-shop

Anyone know of a local KCMO area bank that offers HELOCs on investment properties?

thx Alex. That's helpful

@Bill Exeter Thank you for the clarification. 

Don't I have 45 days after closing to identify a replacement property(s)?

@Dave Foster, thanks for that information and further clarification. What I had in mind definitely does not qualify for a 1031. 

If anything, this post highlights the usefulness of BP!

Thanks again,

Matt

Great help.  Thanks so much!

I found this link too:

http://ronwebster.com/content/1031-exchanges-dummi...

Id say the answer to my question is a resounding 'no'

On your second point- Isnt the purpose to avoid a capital gains tax? And since my capital gain is 45k, doesnt that work ?

Its a rental property, and I have followed the 45 day identification rule....The money is currently held in escrow specifically for a 1031.

I may be able to come to this.... I originally started this forum then promptly dropped off the face of the earth...Thanks MJ S for keeping it going!

I have recently started an LLC. Have a few properties in my name, but moving forward, want new acquisitions in my LLC.

Are there banks that lend to LLC's (assuming 20% down), without having it on my credit?

Im asking because I have a score of about 780, and in a year or so, will need to move, and buy a primary residence.  I dont want alot of rental mortgages on my credit.

Looking for a lender in the Kansas City area.

Considering turning a condo into an AirBnB rental.  Does anyone know of a reliable and easy way to determine what the airbnb market is like in Kansas City?