All Forum Posts by: Will Gile

Yes, that makes sense. So in terms of the most money that can be made, buying her out makes sense? The relationship is a non factor. She is wanting a quick payout and doesn’t see the benefit of rehab. Happy to let me do it.

Why would that be the smartest move relationshipwise?

Thanks! I may sell or rent it out. I just need to figure out the best way to go about the process.

Help! Please advise! My sister and I have inherited a 5 br 3 bth house in Brea, CA. It is in need of work but will go for 500k cash if sold as is. We would split 50/50. Should I attempt to buy her out? Comps in the area put a turnkey house of similar specs at 700k plus. I estimate 50k of repairs needs to happen. What would you do and what is the best way to buy someone out? She is not interested in holding on to it.

Is this what BRRR is? Is the refinance a HELOC that investors use to get their next property?

Thanks for the reply. What is the difference between a HELOC and an old fashioned refi?

My partner and I have two condos that cash flow $300 each. Put togerher we have about 175k in equity. To raise cash for another deal we were thinking of allowing someone to “buy in” and give us cash in order to come in on these existing deals. We would just add them to the title and then split profits three ways when it’s time to sell. But we would use the cash we would raise to purchase another rental. Is this a logical path forward?

So here is the thing. The house hat sat empty for the last 8 years. He is just remodeling now. He isnt going to do a 1031 exchange. He has a primary residence in Washington. And a retirement home that he plans on moving into. Given that info what do you think?

I've been remodeling a 4br 4 bth house in Yorba Linda , CA for a friend who now lives in Washington State and has his residency there. He is set on selling the house. How can I explain to him the tax benefits of renting for a couple of years.m?

Thanks for the advice. I agree with you. I'm just itching to get into a house hack after experiencing the success with the condos. Worried market will get too high in the future. But you are right about the strain on relationships with the family.