All Forum Posts by: Naphat S.

@Ben Leybovich Thank you so much for your thought provoking response. I looked at your website and will try to find time to go through it. 

On the turnkey idea, I am in a big metro area and with a full time job. I am not anywhere hear a handy man to do anything like flip..etc. I just feel that turnkey is the right choice for me. 

Ben - as an investor yourself, you recommend me just leave it alone? What about HELOC to buy buy other properties outright? Everywhere I search they recommend to use leverage in this type of market/ interest rate.

@dave 

@Dave Foster Thanks for giving me more options!!!!!
I did live in my property for 4-5 years in the past 5-6 years. So we are good on the tax.

-Do we still have the benefit of 1031 exchange though?

-For 1031 exchange, do we have to convert to multiple properties at the same time?

Hello all

I am another newbie here. Thank you sooooo much for all the advice and education you all have provided to someone like me. 

Here is the situation.
-I had one rental property (used to be my primary home) which I own free and clear worth $350,000 (all the hard work)
-This property is being rented at 4% CAP rate (lower if I factor in vacancy and maintenance). Lease expire Mar2015
-After educating myself more from websites, books, and especially in this forum. I realized that I could get more cashflow with this amount in other markets. 

-I am interested in turnkey properties.

Solution
-Could you please advise what best I should do or what you will do? after educating myself I come up with the followings. Feel free to guide me what you think.

1. Sell my house when lease expire and do 1031 exchange to 2-3 properties outright.

2. Sell my house when lease expire and use it to finance multiple properties (7-10)

3. Use HELOC from this house and buy 2-3 properties outright

4. Use HELOC from this house to put down payment of many properties

5. ????

I absolutely have no feeling attachment to this property. I hope to do what is right for the family and future cashflow. 

Please guide me here.