All Forum Posts by: Sunshine Bizz

Thank you in advance, I am looking for leads for property management companies help manage two of my single family homes in St. John County North Florida.

Thank you in advance

@Jerry Padilla

Thank you, great post. I am in the market looking to cash out refinance an investment property. 

Please let me know best way to connect with your team?

Thank you

@Jiri B. Thank you sir, this is the perfect advice that i was looking for. Appreciate it. 

@Mark Welp Thank you for sharing your feedback. Here is the scenario:

- Purchased property in 2017 for $240k, put down 20% and rest financed. 

- 2029 this property is worth about $300k which is possible since it is right now at $280k

- We pay down the P & I aggressively and in 2029 want to take out $150k for my son to go to college

Question ---- How does this $150k be taxed? 

Thank you @Matt Berklacy

Thank you @Michael Ablan

Thank you @Steve Hall

I think all aspects of our economy are connected. if RE goes down by that much, we will see stocks and other equties suffer as well. 

Good point though ... Thank you

Thank you @Dave Foster

 Appreciate  your response and details. 

Regards, 

Thank you 

@Caleb Heimsoth for your feedback. Agree, ups and downs happen. 

From a tax / net income which strategy is better?

- Me cashing in the equity in 15 years and realizing the gain that will go to my kids?

or

- S&P Vanguard 500 fund and realizing the gains?

Any input will be ideal around the tax implications and kids college future

@Eamonn McElroy

Thank you for sharing feedback, this was my approach too for the kids. I have $250k houses for both my kids who are 8 and 6 when i bought the houses. 

Our Math - Paid $240k, current market is $280k, we pay these down next 10 years and have enough equity in each home. 

Question - How is this a bad strategy for providing for college for kids?