All Forum Posts by: Robert G.

I think it goes without saying profit is selling price minus initial investment...

Selling for 151k and am in total for 85K. After 5K in closing costs I "should" net 61K. Honestly bought at THEE best time in Vegas (06/2012)

Hi all,

I am currently listing my home for sale (lived in it for 18 months) with my realtor and plan to net approximately 61K after closing costs etc. I want to take a portion (or all of it), and put 20% down on a new property to live in (and avoid PMI insurance).

My question is, how do I avoid paying capital gains tax on what I net? Is 1031 exchange a plausible option? The house that I will be putting 20% down on is a 4bed/3bath in which I will rent out 3 of the rooms (I am a young bachelor).

As always, any help is greatly appreciated!!

bump. any help is appreciated!!

Hi everyone, first post here!! Here is my question...

Myself and three others are looking to purchase a senior living community (assisted living) w/ a SBA loan. One of the parties (Nancy) owns and operates one on the other side of the country. We have the 10% down for an SBA loan. Before myself and my other two partners approach Nancy, we want to do our homework.

-Should we find our senior living community before applying for our SBA loan?

-Will there be any hangups if there are four separate investors involved? (we are all good friends)

Any help is appreciated!!