All Forum Posts by: Victoria C.

@Joshua Wright they do want to invest in more properties, but probably wouldn’t do it right away. They are moving soon and were thinking of using some of the cash towards a new property to live in and in the future putting the rest of it towards a new investment property. 

Also from what you said it seems like in a Multifamily property they would still need to pay capital gains tax for the other three units they didn’t live in?

What is exchanging to a DST?

These responses are one of the reasons why I love this site. I am able to learn so much just from a simple post!

@Marc Middleton I'm still getting used to all of these real estate terms, what exactly is substantial windfall? I'll definitely have her check with a CPA about the new tax law. She does currently have someone doing the CMA for her though, so I think she's started off on the right foot!

In selling this it would most likely be a profit of over 300k. 

Hi Fellow Investors,

I have a friend here in the state of Washington interested in selling their 4plex that they’ve lived in for almost 3 years. What is the best way for them to go about selling this property and will they have to pay capital gains tax?

Also what are her options with using IRA or 1031 exchange? She's unsure of how those could work.

If you know of any good books, articles, or forums to read up on please refer those as well.

I’m just trying to help her get more information on this before they move forward with selling their property and this is something I’d like to know about for my properties in the future.

Thanks in advance!

Hi Fellow Investors, I have a friend here in the state of Washington interested in selling their 4plex that they’ve lived in for almost 3 years. What is the best way for them to go about selling this property and will they have to pay capital gains tax? Also what are her options with using IRA or 1031 exchange? She’s unsure of how those could work. I’m just trying to help her get more information on this before they move forward with selling their property and this is something I’d like to know about for my properties in the future. Thanks in advance!

@Collin Wisdom I'm in the same boat as you are, but now looking at certain MFH I passed up, I've realized that I missed out on some good deals. Now that just has made me know more aware of exactly what I'm looking for.

@Christopher M. In your opinion, what's the right way to invest in the Detroit market?

Hey @Conor Kelly! @James Marszalek is an investor friendly agent in the area! 

I'm very interested in this property.

"Terms are purchase with Warranty Deed for $10,000 cash and take property subject to the mortgage."

This is new to me...  How exactly does that work? We have the cash.

Please email me more details [email protected]

Hi Jason,

What is the estimated cost for repairs on this property?

Hi Liz,

Oh okay! I was going to recommend someone, but they usually don't work in those areas. I read through this whole thread and it was very informative! I do think Bigger Pockets and Real Estate Groups on Facebook can be a way to get good recommendations for good reliable general contractors. 

Going Midwest can be a good option. I think the market there is a little bit easier then it is here in the PNW once you make a good team.

Yes, that's the other thing. I do think we are getting close to the top of the market. You don't want to be in the middle of a flip when that happens.