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All Forum Posts by: Allen Berrebbi

Allen Berrebbi has started 22 posts and replied 79 times.

I signed up for Cozy but never used it and now it seems to have been acquired by Apartments.com. Anyone use this or have a better option that is either free or lower in cost?

https://cozy.co/future-of-cozy...

Post: Newbie with financing issues

Allen BerrebbiPosted
  • Posts 79
  • Votes 10

Can we discuss this further? DM me.

Post: Newbie with financing issues

Allen BerrebbiPosted
  • Posts 79
  • Votes 10

So as a proponent of Rich Dad's company advice, I run all my expenses through my company to show as little taxable income as possible. However, as you can imagine, this make it hell to get any kind traditional financing. Any advice? Doesn't seem like the property's income itself matters to these lenders.

Post: 1031 And 2 for 5 Question

Allen BerrebbiPosted
  • Posts 79
  • Votes 10

Thank you! That is what I needed to know!

Post: 1031 And 2 for 5 Question

Allen BerrebbiPosted
  • Posts 79
  • Votes 10

So I read The House Hacking Strategy book as it seems to be a highly recommended book by the BP universe. One part applies to me right now. I am selling our main home in a suburb of Tampa and concerned about taxes. I get the 1031 but not sure I can identify a replacement in 45 days. The book does mention something called 2 for 5 where you don't have to pay taxes if you lived in it for 2 out of the last 5 years? And a friend said there is a homestead exemption if your profit is less than 500k. 

Just looking for some guidance. Thanks

Post: Low downpayment possible?

Allen BerrebbiPosted
  • Posts 79
  • Votes 10

I'd love to do this but my market is super hot, not sure I can pull this off but would love more details

Post: Low downpayment possible?

Allen BerrebbiPosted
  • Posts 79
  • Votes 10

Thta'swhat I was thinking. But you hear these stories :) 

Post: Low downpayment possible?

Allen BerrebbiPosted
  • Posts 79
  • Votes 10

Can I do FHA if it is more than 4 or commercial?

Post: Low downpayment possible?

Allen BerrebbiPosted
  • Posts 79
  • Votes 10

I am looking into purchasing a larger multiplex (more than 4) and was wondering if a low downpayment is even possible. Same with a commercial property, both Tampa. You hear all these very low money down/zero down stories in podcasts but was wondering if that is even realisitc.