Clint Miller
Where Do You Find the Funds for the Down Payment?
20 December 2024 | 11 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
Patrick Flanagan
1st time 1031 exchanging
21 November 2024 | 3 replies
A 1031 exchange is a great way to indefinitely defer the tax and use it to grow your RE portfolio, and build long term wealth.The most important factor in a 1031 exchange is that your qualified intermediary must be in place prior to the closing of the sale of your old property.
Mark Forest
Syndication capital calls
14 January 2025 | 37 replies
This means that the property doesn't qualify for the extension, probably because it doesn't meet the covenants such as DSCR or debt yield, so the lender is making an exception and is willing to grant the extension in exchange for the $4 million.
Brent Hindman
Keep Primary as First Rental?
4 December 2024 | 16 replies
This will allow you to take advantage of the Section 121 exclusion and you could do a 1031 exchange into the new property.
Lolo Druff
Looking to buy my first investment property
15 December 2024 | 30 replies
I had a duplex in Hilltop that was doing well for me and sold it 2 years later to do my first 1031 into a Hilliard duplex because it was part of my investment strategy (invest in C class with a 2-5 year exit strategy and 1031 into a better asset class).
Jennifer Fernéz
Let's say you have $80K in your savings account...
19 December 2024 | 82 replies
I’ve personally helped folks navigate 1031 exchanges in Phoenix, rolling their gains from one property into something bigger and more strategically placed.
Ben Johnson
Rental Income only - HELOC (accessing equity in hard times) HELP!
15 December 2024 | 12 replies
Selling one of the properties is not an option because they were both purchased via 1031 funds from dramatically appreciated assets creating a cost basis of next to nothing on these.
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange.
Victor Tofilski
Why is my unit still vacant?
31 December 2024 | 49 replies
Might it be smarter to offer a slightly lower monthly rent in exchange for a tenant who feels more content.
Dave Allen
If you magically had 100,000 to invest...
15 January 2025 | 24 replies
Possibly partner with a group but would only do money lending or group in exchange for gaining knowledge of how to independently do things.