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21 August 2024 | 4 replies
In my network I've reached out to a RE friend of mine and she has a investor end buyer that is interested in my deal which consists of 3 properties as a package deal from the seller i.e the seller does not want to sell just 1 of the properties it must be all 3 of them which are cash flowing rentals.My question is my RE friend has to legally transact the deal on a "CAR" purchase agreement.
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20 August 2024 | 21 replies
My recommendation is sell and take up to a $500k TAX FREE PROFIT (assuming your married).
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20 August 2024 | 0 replies
Purchase price: $258,000 Cash invested: $50,000 Purchased this 2 bed 2 bath, 1250 sqft home with a .75 acre lot, this was a good BRRRR property, it has the ability for an ADU/Granny Flat on the right side of the property.
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20 August 2024 | 0 replies
Purchase price: $258,000 Cash invested: $50,000 Purchased this 2 bed 2 bath, 1250 sqft home with a .75 acre lot, this was a good BRRRR property, it has the ability for an ADU/Granny Flat on the right side of the property.
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21 August 2024 | 18 replies
However, this generic statement is useless for many reasons:- your two years are never identical- even if you expect them to be identical, we don't know the future, and things can change- you likely have a number of special factors that change your tax outcome, some of which I mentioned above and others mentioned in earlier comments on this threadWe are also assuming that you're selling outright for cash and not reinvesting, although you have other options such as installment sales (aka owner financing), reinvesting into REITs/DSTs, opportunity zone funds and more, as mentioned in other comments.Finally, nobody brought up what I consider the single most important factor in your decision process: you sell when you have a good offer, period.
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20 August 2024 | 5 replies
Specifically asking about public safety, appreciation vs. cash flow thoughts, and complexity of building a local team (agent, property manager, general contractor).
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21 August 2024 | 4 replies
In addition, rehabs usually go over budget, and it is advisable to have additional cash to cover this shortfall.
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20 August 2024 | 0 replies
Purchase price: $300,000 Cash invested: $200,000 Sale price: $700,000 We purchased a closed 18-room boutique hotel in foreclosure, renovated the inside, and opened the hotel and later the bar and nearly the restaurant before it was sold in about 2 years.
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20 August 2024 | 1 reply
An SBA loan is going to be a loan that will be a 2nd lien on the property which will make taking cash out in the future impossible.