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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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17 April 2024 | 5 replies
The transaction is not "funded" until the exchange of the assets have taken place.
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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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16 April 2024 | 3 replies
Sold a property last week and closing the end of May. Property needs to be at least $475K, looking up to $1M. Im indifferent to the number of units as long as the numbers make sense. My current portfolio is in the ...
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17 April 2024 | 9 replies
@Spencer Speckles, there are additional complications if you try to carry back a note while performing a 1031 exchange.
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16 April 2024 | 5 replies
To avoid paying capital gains on the sale of the rentals, the most straightforward way is to complete valid 1031 exchanges on your two sales. 1031s themselves can be a little unintuitive to navigate.