All Forum Posts by: Shak Amir

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Hi all, A friend of mine is planning to sell a primary house he bought many years ago. He bought it for 400 and spent 100k on it and now it is appraising for 1.4 million. His total profit will be around 900k. I think first 500k of profit is exempt from tax, what can do for the next 400k. He wants to buy a 600k primary house and rest of money for investment property. Can he do 1031 exchange to defer taxes. Or if he just wants to pay the tax, would it be at long term capital gain rate of 20%?

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Thank you guys for all the input. My offer was at 12 cap and then at 11 but seller wants 10 cap. While I think it is worth it at 10 but afraid to pull the trigger on my first commercial property.

Thank you, just submitted my LOI lets see what happens

Owner is an investment company that is selling it’s smaller holdings to focus on larger deals. Also there was a botched sale in which the tenant wanted piece of the profits. I am not as concerned about tenant as most other investors might be. If he keeps paying then great if not then we will evict him and put our own storefront.

Price would be around 600k and I plan to put 20% to 25% down.

I usually look at residential properties but a few weeks ago a single tenant triple net leased property became available.

Going cap rates in the area are 6% and this property is at 10%. The current lease has 15 years remaining with 3% annual increases; if the tenant leaves then I know I can rent this place for a lot higher rent.

Is there a resource to learn about additional risks to consider and financing options available.