A portion of each payment is allocated to return of principle, gain and interest.Most importantly you will recapture all depreciation in the year of your installment sale.Didja know know that in the event that you found yourself needing to do a 1031 there is a way to combine a 1031 exchange with an owner carry note? 

My goal in the next year is to move from single families to the multi-family space, and then quickly to the commercial apartment space.If you're willing to chat, meetup for a drink, or let me know about other meetups in the area (San Francisco/East Bay), then hopefully we can meet and exchange information, build partnerships/friendships, and build towards our financial freedom.Cheers.

Good morning BP,Hopefully im posting this in the correct sub-forum.3 years ago my Wife and I moved out to fleming island just south of jacksonville and purchased a condo, fast forward 2 years, shes homesick and misses...

Also the margin may be thin but if any local South Jersey Wholesalers would be interested in partnering I would do all the work in exchange for some guidance.The deal:Guy owes 60,000 on a twin that is in good rental condition and could rent for between 1100-1300.

I was wondering if anyone would have experience with similar moldy conditions that may have some insight into the potential costs to take care of the mold concerns and whether it is worth pursuing the property given its current condition.

I had initially started this journey to create a rental portfolio so i guess I was just working from the perspective of creating equity in the renovation and using the refinanced funds as my "doomsday egg/next deal proceeds" if that makes sense.Thanks for your insights I'll take them any way i can get them.

Under this ordinance the following scenarios are allowed: a family (of any size and configuration)a family (of any size and configuration) and their nannya family (of any size and configuration) and an exchange studenttwo single parents, their kids, and a friendtwo siblings and one friendtwo married couples as long as a familial relationship exists linking the two couplesThese are not allowed: two couples, married or not, with no familial relationship linking couple A to couple Btwo siblings and their two or more friendsa family (of any size), a caretaker, and an exchange studentIt sounds complicated but it's very simple.

We got an offer on the house in the first week and was able to do a 1031 exchange and purchased a  multi-unit apartment building that generates more cash flow than the  original house ever did PLUS  we can sleep at night knowing that the property is in good shape and not about to fall down on our tenants! 

My wife and I are in the process of selling our California property for an estimated gain of $180k and are now looking to execute a 1031 Exchange to swing those profits into the purchase a multifamily property or properties in an out of state market (e.g.

Feel free to reach out if you have any other questions, hope I provided some insight !