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7 December 2024 | 7 replies
Do they do a lot of multifamily sales?
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28 November 2024 | 5 replies
Since the property is under mortgage, just transferring to LLC will most likely trigger the "due on sale clause".3.
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4 December 2024 | 8 replies
You can use the 1031 to sell a larger unit that provides better cash flow while minimizing active management.You can either try to cluster those sales together so they close in a way that lets your replacement property be listed on each 45 day period and you close on it within 180 days of the first sale (the first exchange that will expire).Or you could do something like a reverse exchange where your Qi purchases the new property and holds it for you for up to 180 days while you sell all of your properties.
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4 December 2024 | 3 replies
Obviously, the rules will differ from state to state.The most successful buyers have trusted bidders with cashier’s checks in multiple denominations (for cash sales) and the actual buyers have field runners and people to monitor multiple prospective properties at a given time and check sales status for postponements due to BK, etc.This is the case in larger metro markets where many properties could go to sale but few do so.There are often better ways to acquire properties then auctions.
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9 December 2024 | 0 replies
1031 exchange from a sale of a rental property plus HELOC to fund the remaining.
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2 December 2024 | 35 replies
All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.
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4 December 2024 | 4 replies
Use another realtor who will be your friend when you sale as your buyers agent.
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28 November 2024 | 23 replies
Don't forget the people on the demonstration are just sales people.
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5 December 2024 | 2 replies
I actually help run the sales team at Backflip!
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5 December 2024 | 10 replies
@Diane Perry is right, it's a cumbersome statute but the first thing you must do is have a qualified intermediary in place before your sale.