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18 April 2024 | 2 replies
If it does, the interest rate doesn't matter as it is just a part of the calculation.You might also look at selling one or both of the properties in a 1031 exchange and buying into a new property (or several) that provides higher returns.
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19 April 2024 | 9 replies
Since you have 2 other rentals, you can do a 1031 exchange (the non-cash flowing property) into something that will cash flow?
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18 April 2024 | 6 replies
When reviewing the cash flow of properties, you discovered the cash flow was not feasible for a property, you could consider a 1031 Exchange to sell the property and replace it with a new property in the most tax efficient manner.Review profit margins and cash flow for each of your properties.Is the cash flow of each property still as projected when you purchased the property?
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18 April 2024 | 16 replies
Eventually, they will exchange their SFRs and trade up into multi-families as their SFR portfolio grows in value.
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21 April 2024 | 240 replies
Dear all,I have initiated the process in investing with OCF, so far I've gotten most of their CEO's things except keys to the car and house (as stated earlier) but I have good perspectives on these two items in a reasonnable timeframe.More seriously, I am surprised to have not seen any exchanges from the current investors working with OCF here on biggerpockets, so they are either under some kind of confidentiality agreement or they simply dont know about biggerpockets (and if the later then @Brandon Turner and @Joshua Dorkin are most likely sorry for that ...)So I hope to be able to modestly give my out-of-country experience of dealing with a turnkey company from start to finish and give some culinary advice on the qualities of barbecues in northwest Ohio later on...
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17 April 2024 | 3 replies
I can't 1031 exchange because when I assume the loan, it needs to be as my Primary residence, for at least a year.
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17 April 2024 | 16 replies
I also frequently ask other brokers in this space and exchange lenders so we both grow our networks.
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16 April 2024 | 8 replies
I'm trying to evaluate if we should keep the property or sell it/1031 exchange into another investment, but I'm struggling to figure out how to do the analysis.Initial Purchase: $65,000 (Cash)Estimated market value: $250-270k - We'd clear $200-250k if we sold.Current Rental Income (after expenses): ~$1,417My gut tells me that we can leverage the proceeds into higher cash flowing investments, but I don't know how to do the math.
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17 April 2024 | 5 replies
The transaction is not "funded" until the exchange of the assets have taken place.