All Forum Posts by: Valerie Anthonyova

January marks the 13th anniversary of the purchase of my first rental property.  Since I learned a lot from this community, I wanted to share my success with you.  In 2024, I hit $200k in cash flow from my properties.  If you're interested in seeing how that all breaks down from an income and expense standpoint, I created this Sankey diagram to share with you:

As for me, I'm planning to leave my w-2 job and take a little career break before deciding what's next for me.  Best of luck to all you out there.

Hi,

Unique scenario. There is a 2 family we are in talks with acquiring for 200k. The owner is open to seller finance for us. There is a catch - the couple wants to 1031 the funds into their sons next larger project which is TBD.

Our Goal - buy this property with little money out of pocket. Put some money in rehab. When they need the money, we know this property will appraise for 40% more than we bought it for. We would refinance to essentially be no money out of pocket. The catch - we need to have the deed before we finance. Why is this an issue?

Their Goal - sell us this property seller finance. They make money on interest. We can be flexible when we pay them back. The ISSUE - they want to 1031 the funds.

If they seller finance, we have the deed, but they cant 1031 because they would need to find a property ASAP which they want to avoid.
If we rent to own, they are OK, but we cant refinance because we don't have the deed.

Are there any unique scenarios to help us get the property for little money out of pocket, we have the ability to have the deedSign a lease agreement with a purchase option that allows you to buy the property at an agreed price at the end of the lease term, consider establishing a partnership with the seller to jointly invest in property repairs and improvements. During the partnership, you can jointly manage the property, increase its value, negotiate a flexible repayment plan with the seller that allows for larger payments after the property appreciates, ensure a written agreement that clearly specifies repayment terms and timeframes and refinance, and the sellers are able to 1031 at their leisure?

Started out 4 years ago not knowing anything about Real Estate and have been self-taught till this day!!  kept using people who don't do real estate to do my taxes, and also they had horrible communication skills, I don't trust people who only see u as money. Exspecially when they know money is (Fiat). My taxes need a plan and i'm a fulltime real estate investor. why is this so hard to find someone to trust.

Quote from @Valerie Anthonyova:

Quote from @Josh Holley:

I will also never purchase another property from you again after this interaction and your lack of professionalism. Thanks for your advice! Have a great day James. 

100% agree, haha, I'm watching your conversation, it's very interesting

 Love it! This guy is really building a rep up here 😂

I will also never purchase another property from you again after this interaction and your lack of professionalism. Thanks for your advice! Have a great day James.