All Forum Posts by: Brian Blahous

I'm looking for an experienced investor-friendly agent who can assist with selling a single family property which has an existing tenant in Spring, TX.

Thanks

Thanks!

I am in the process of a 1031 Exchange. I have a question regarding the 3-property rule.  Let's say I identify 5 properties and 1 falls through but I still close on the other 4.  Is 100% of the exchange disregarded or only the value of the property that I didn't close on?  For example, lets say I sold my relinquished property for $650,000 and my proceeds with the 1031 QI are $200,000.  If I identify 5 properties at $150,000 each and one falls through but I am able to close on 4 of them for a total value of $600,000, would I have to pay tax on the $50,000 that I failed to roll into a new property, or would the entire exchange be disregarded due to the 3-property rule? Assume use all my proceeds with the QI for down payments on the 4 that are purchased.

Thank you!

Thanks Kevin.  Are you aware of any products that could put one loan on this group of houses, independent of the value of each individual home, instead of 12 individual loans?

Has anyone had luck purchasing a portfolio of currently rented single family homes?  I am doing a 1031 out of a property and looking to offer on a portfolio of 12 SFRs, but running into roadblocks on financing.  The average price of the properties are less than $100,000, which seems to be causing an issue with commercial lenders. 

Thanks!

 It's not something that I've looked into in any great depth, but I will. Thanks for the suggestion.

Has anyone done a 1031 into an investment that is not a typical/standard buy and hold residential or STR investment? I want to sell a property that is a current STR and I want to roll the money using 1031, and I'm looking for ideas for unique investments that could qualify for a 1031, but may not be the typical STR, SFR or multi-unit property. I'd love to hear some ideas or some success stories.

Thanks!

Hey everyone. I've been a member for a while, however, this is my first post. I currently own two long-term rentals and I'd like to acquire a third. I spend a lot of time working and with my family and I just don't have the time to commit to acquiring and renting another property.

I am seriously considering investing in a turn-key. I've read a lot of the pro vs. con arguments on the site and I completely understand that the purchase price might be above what I could get in the open market, but in this case I'm taking a long-term, multi-year view and I'm willing to pay a slight premium for the convenience.

I'm not looking to bash any specific members and I've actually already talked to a few BP members (or their firms) who deal with turn-keys. I realize that due diligence is a must and I must feel comfortable with the firm.

With that said, I'm curious if there are any horror stories out there related to investing in this way?