All Forum Posts by: Seth Bender

@Bill Exeter

Thanks for your response. If I ever cashed out on a CA property what would that % be?

The property I’m selling although isn’t in California.

@Bill Brandt

How might I go about finding a qualified intermediary?

I can just ask realtor or property manager for referral unless maybe I use Yelp and just go by reviews.

Thanks for your help.

When selling a rental what is the process of deferring capital gains?

My understanding is you set up a trust for the money to go into after sale and then keep it there until you purchase new property.

How much time do you have and is it state specific?

@Luke Andersen

There will be multiple places to consider for your first RE investment.

Make a list of all these places mentioned and narrow it down. It’s up to you doing your due diligence.

Figure out what’s right for you because you can get started much sooner if you invest out of state.

Remember property manager is very important especially if it’s not local.

I'm moving to San Diego next month and will be looking to meet people including those interested in REI.

@Nick Sheveland

I should’ve mentioned I was only looking to cash flow after I move out after a year or so.

@Ryan Kelly

That makes sense it won’t be nearly as profitable without the 20-25% down payment such as rental property loan.

There is a property for sale that has solar panels and I’m trying to analyze at what price point would this or another property be worth house hacking?

This property is likely not ideal since it doesn’t have room for value add and would probably be at retail price.

My thought is I could move there and get into it with a 3.5% fha loan and live in it for a year and then rent it out if it would cash flow enough.

@Jeffrey Masessa

First read unscripted by MJ DeMarco or his first book the millionaire fast lane.

Free forum to check out is thefastlaneforum.com

For myself getting started was little frustrating because I supposedly had relative and family friend interested in partnering on potential deal. I found an awesome deal early that many other investors were interested in and my partners were too hesitant and all talk basically. By the way one partner is a general contractor and I had my own money. The house was 125k and 3 months later sold over 285k.

Lesson I learned is go out on my own and find a deal and competent people that a referred by inspector, agent, property manager or someone you know.

In 2018 I purchased SFH rental that has been doing well.

Once I got started i learned a lot and I got even more motivated to educate myself.

I’m focused on acquiring one or two more properties within 6 months.

I would either househack first if you can and if not buy an out of state C rental property that cash flows over $200 month and find a property manager.