All Forum Posts by: Paul Schmidt III

After months of research and lurking I feel like the time is right for me to get into my first deal, so please bare with me. I have a lead on a property and have some questions on the best way to go about financing it. I have two options before me, the first is the classic BRRRR pay cash then refinance. The second is to offer seller financing allowing them to keep more of there money away from the tax man. Now if I would do seller financing I'm assuming they place a lean or a note on the property, if that is the case how does that work when I go to refinance and get my capital back out. Is there a benefit to one vs the other?

Just starting off I’m not looking to do more than just single family to get my feet wet.  As far as the stocks the are old school paper certificates, not in a ROTH or any other tax advantage account.

Hello everyone, I’m new to real estate and that even feels like an understatement.  The more I listen and read the more questions I feel like I find and need answers to.

That being said the one thing that I see many people talk about is trying to get that first deal financed and get your ball rolling.  I am in the position where I have a decent portion of stocks, they were left to me and I really have no interest in that market.

Now many people take advantage of using a 1031 exchange to go from property to property and I was curious if there is anything out there that would help avoid the tax burden of just selling off stocks to fund a first purchase.

Thanks you in advance for any and all help.