All Forum Posts by: Roxanne Rose

Hi all- any updates or new thoughts about Fundrise as we move in 2023?

I'm considering moving forward with them and also looking into L5 Investments https://www.l5invest.com/. Have about $25k to invest into syndications as an unaccredited investor. Thanks.

Hi all- any updates or new thoughts about Fundrise as we move in 2023? I'm considering moving forward with them and also looking into L5 Investments https://www.l5invest.com/. Have about $25k to invest into syndications as an unaccredited investor. Thanks.

Hi- anyone have any leads on on trustworthy CPAs in the greater Bay Area with a focus on investment properties and the 1031 Exchange. Have an opportunity to list my investment property vacant (tenant is moving out) at the top of 2023 but it currently has a strong cash flow (and could have even stronger with a new tenant). Need help sorting out all the pros and cons, tax and financial implications, etc. given the current market. Thanks!

Hi- anyone have any leads on on trustworthy CPAs in the greater Bay Area with a focus on investment properties and the 1031 Exchange. Have an opportunity to list my investment property vacant (tenant is moving out) at the top of 2023 but it currently has a strong cash flow (and could have even stronger with a new tenant). Need help sorting out all the pros and cons, tax and financial implications, etc. given the current market. Thanks! 

Quote from @Kati Henry Ortiz:

I have a client interested in using Hometap instead of a HELOC. This is the first time I'm hearing of this program. Anyone have experience or feedback on the product?

@Kati Henry Ortiz did your client end up using them? how did it go?

-https://www.hometap.com/homeowner-resources/how-hometap-works/

Quote from @Nana Appaw:

@Luke McKenzie I used Hometap for cash to buy an investment property and not having any monthly payments as a conventional heloc helped me stabilize the property without having the burden of monthly payments! Great product and easy process!

 Hi @Nana Appaw Is there anything else you can share about HomeTap? The process? Why you went with them? I'm in the process of using HomeTap as well but don't fully understand the settlement calculations within those 10 years? 

Quote from @Ayanna McClintic:

Thank you!

 Hi @Ayanna McClintic did you end up using HomeTap? I'm considering them for the same reason... any input/thoughts? thanks! 

Hi- I'm looking to go with HomeTap to take out about $200-$250,000 equity out of my investment real estate property to use to buy another place out of state cash. I've been in conversation with them but I'm curious, anyone have experience actually using them? Pros/Cons? 

Hi- I own two rental properties (both duplexes) in Inglewood,CA. Both have increased in value and have long term(ish) tenants at market rate rent. Both are near the Forum, stadium, train line, etc. Curious to hear others input on the idea of selling one and doing the 1031 Exchange, or holding it. Also there are new rent control laws and housing ordinances for Inglewood that favor tenants and put a lot more work on landlords, regardless of the size of the building. any thoughts on that and if knowing this should play a role in deciding to buy another property or sell? 

Hi- here's my scenario and I need answers/suggestions around any loopholes or tax implications I should be aware of. This is all new to me but I think I have a plan. I want to do a $150,000 cash out refi on my investment property (already spoke to two brokers about this) and use that money as a down payment for my own home. All the numbers add up, so it's possible. Then I'm thinking about selling my investment property at the start of 2022 (when my tenants' leases are up so the units are empty) and rolling that over to a 1031 Exchange to buy a larger multiunit building and avoid the capital gains taxes. However, will I have to pay taxes at some point on the $150,000 cash that I pulled before the sale? Will I have to pay anything on the $150,000 after the sale of the house? My plan is to use that for a down payment on an owner occupied home. Thank you!