All Forum Posts by: Omar Anis

 I am definitely going to talk to a RE CPA and see what the definitive deal is with the taxes. I do really really believe this equity could be used to multiply my current returns! Thank you for thr reply! 

 Well, remove the 'Lakes' part of your town and thats where I'm from. Property is in Marlton though. 

 I totally am leaning that way. The extra relatively large chunk of liquid cash (if used properly) would definitely get me larger returns as well. Not talking about specifically into another real estate deal. thank you for your comment 

 the move is solely for the weather..i also did live in it for the first two years, DEc 2021 to Dec 2023. have been renting out since.. 

I own 1 property now that I bought in 2021 245k closing 3.0 rate. HOA was 265 now is 365 a month. I also had to put a new HVAC unit in last summer which I had to finance. Before the raise in HOA and the financing on the HVAC for the next 9 years, I was cashflowing ~465/mn. Now I am down to ~200 a month... heres what really got me thinking about selling.... I have about 215k left on the mortgage and a similar unit (not as updated as mine) just sold for 330k.. I also house hacked this and lived in it for the first 2 years so cap gains tax would be less no? I don't desperately need the cash right now personally but I am about to move 5+ hours away from the property too. (property is a townhome in NJ. The appreciation the past 4 years has been more than its seen since it was built in 2002.) I never bought this with the intent to sell until the mortgage was paid off but now when I look at the potential cash out after fees and commissions, i know I can find another investment in the next year or so to utilize that capital..as I do in my personal life with the liquid cash I have now. Any advice?

Thanks for the response @Stuart Udis! I am confident in the debt raising aspect. More so along the lines of equity raising. Since I posted this, I have had a few conversations with my mentor and other real estate investors/lenders and have a much better grasp on action items when the right deal comes along. For this potential property it is a 2M ask. I want to avoid F&F but given that I don't have a track record yet, it seems F&F will be the right way to go...

Hi All,

My journey has taken me to underwriting hundreds of potential deals.. I have found an incredible opportunity and am trying to navigate my way through capital raising. I am relatively new to deals with just one positive cash flow resi property but CRE has been screaming out to me. Looking for advice on where to go / who to talk to / generally how to raise capital. Always always always open to a conversation. 7 minutes, 9 minutes, 23 minutes + !

Thanks in advance!

Hi All, 

My journey has taken me to underwriting hundreds of potential deals.. I have found an incredible opportunity and am trying to navigate my way through capital raising. I am relatively new to deals with just one positive cash flow resi property but CRE has been screaming out to me. Looking for advice on where to go / who to talk to / generally how to raise capital. Always always always open to a conversation. 7 minutes, 9 minutes, 23 minutes + !

Thanks in advance!