All Forum Posts by: Tony Guardado

@Tony Guardado, Since you need to actually purchase at least as much as your net sale it's probable that $70K is only your cash position. That would actually work well with a DST because part of the purchase of a DST is a pro rata share of the non-recourse debt. If it's a DST that is 66% leveraged you would be using $70K but actually purchasing $210K of the DST. Registered broker dealers offer these products. And they can be a good passive alternative when someone is wanting to downsize from a portfolio like yours. Just not nearly the excitement.

Correct - Actual cash position is $78K. Clock started yesterday on the 1031, so time to learn. @Dave Foster - You know no one needs the excitement of rentals. It is exhausting.

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Originally posted by @Ryan Beatty:

You could possibly 1031 via a TIC. This would get your into a larger asset than you could otherwise.

What us a TIC? Rookie!

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Originally posted by @Eli B.:

@Tony Guardado thanks for your input. Just signed the contract with appfolio. we're moving forward!

Don't get frustrated. Perfect timing to get going. By Jan 1 you will be all set. Financials were the scariest part but once you get used to it its a breeze! There is a Facebook group that you can join as well. Users will ask questions there if they get hung up or have general questions.

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Originally posted by @Kyle Mccaw:

@Tony Guardado at that level be sure to look a getting a commercial policy. Economies of scale will be your friend. FYI I have had a bad experience with NREIG a few years ago. Hopefully they are better now.

Interesting - I started using them just because it was "easy" to do and set up. I have NOT filed any claims with them to date. Any suggestions for who to use for a commercial policy

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Getting my feet wet with my first 1031 Exchange. I’ve gone thru a QI and done everything legit. I’m now on the clock and need to find the right investment opportunity to move the funds into.

I'm intrigued by getting into a DST but I've only got about $70k in the 1031 Exchange .

I’m currently managing a large portfolio of 105 rental properties and looking to diversify into some more passive forms investment income.

Not sure where to go next.

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@David Nadelstumph

I am interested in this as well. Is there a minimum investment ?

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@Eli B.

The software has really helped me streamline my operation. Starting with rent collection. I had been using combination of Cozy and Excel to track rents. I collect and track all rents in the app. I also do all of my tenant communication thru the app and track communication history.

I am slowly transitioning my bookkeeping to Appfolio. I use it to receive maintenance calls and easily send work orders to handymen and contractors.

I am now doing all of my advertising and tenant prospecting (and tracking ) thru the software now as well

The phone app is great and I do a ton of managing while on the move.

I paid a little extra and got a website as well. No management to do there at all.

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Looking for the best insurance solution for a 100 property rental portfolio in NE Ohio (Canton).

Have a mix now between State Farm and NREIG

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All Forum Posts by: Tony Guardado

Tony Guardado has started 10 posts and replied 74 times.

Post: Christmas gifts for tenants

Post: Where to get Real estate leads

Post: 1031 Exchange - Crowdfund/ Delaware Statutory Trust (DST)

Post: 1031 Exchange - Crowdfund/ Delaware Statutory Trust (DST)

Post: AppFolio vs Buildium for a 90 unit and growing portfolio

Post: Insurance for rental property portfolio in NE Ohio

Post: 1031 Exchange - Crowdfund/ Delaware Statutory Trust (DST)

Post: 1031 exchange crowdfunding site

Post: AppFolio vs Buildium for a 90 unit and growing portfolio

Post: Insurance for rental property portfolio in NE Ohio