All Forum Posts by: Account Closed

@Greg O'Brien S Corp

@Greg O'Brien I think asset sale is the better route. That would allow for the sale to be a capital gain?

Hello. Does anyone have experience selling intangible assets? Going to be selling my book of business in the near future and I can't get the IRS off my mind. How have others lowered their tax bill during the sale of their BOB? Thank you!

Look inward @Misael Carlos Vera

@Justin Pumpr without having more info on the specifics of the deal, it would be hard to say deal or no deal. The Columbus market has been hot, I don't think that leaving $16k in the deal necessarily makes it bad, given the current conditions. If you're confident about your expenses and it's cash flowing, I'd say go for it. You already got some experience!

Sounds awesome! If everything is checking go for the BRRRR! I love that strategy because, although it may seem complex, the multiple steps offer different exits strategy possibilities at any point in the deal. When I work with contractors I am typically adding some contingency to construction budget as well, usually 10%. Let us know how it goes.

Hi Michael, as long as you have a good idea of all your expenses i think you have a deal on your hands. Sounds like you might be able to collect all your initial capital back as well. Are you planning to hire property management?

I agree with Reece. Always be buying! If a crash comes, great, and if not there are always opportunities for a deal. Any market can be a good market, if you understand it. Decide on your market, type of investment you want to make, and find others that can help you. 

Thanks @Andrew Syrios @Whitney Hutten! Very true, BRRRR really proves the power of compounding. BRRRR can also offer some creative options for exit strategies

Hi Bonnie! Yes that makes sense. Do you anticipate any possibility of a large increase in interest rates over the next 6 months that may affect the way you wold analyze your typical BRRRR deal?