Clint Miller
Where Do You Find the Funds for the Down Payment?
26 January 2025 | 15 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.
Christopher Lynch
What Is The Best Way to Start Flipping Houses and Raise Capital?
16 January 2025 | 10 replies
I have a couple of funding options on the table and I’d love to hear your thoughts:Funding Approach: I have capital partners who are willing to fund 100% of the project in exchange for 50% of the profits.
Michael Overall
DST or other mechanism
20 January 2025 | 3 replies
And that’s just one property you are inquiring about 10 rentals, 10 exchanges, minimum 10 DSTs (unless you can sell a few properties at the same time).I’m not sure DSTs would be the correct route.
Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
., commissions, fees) and consider a 1031 exchange to defer gains by reinvesting in another property.This post does not create a CPA-Client relationship.
Tim Hem
Capital Gains and IRS Publication 523
9 January 2025 | 9 replies
If yes, am I eligible for a 1031 exchange even though I claimed the home as my primary residence when it was rented?
Hunter Goorsky
NEW Investor in the Joliet area 🏠
22 January 2025 | 9 replies
Or next meeting is Feb 20th, and we have some guest speakers coming to talk about DST investing and 1031/721 Exchange
Rolayne Taylor
New Beginnings 2025
24 January 2025 | 21 replies
A mortgage lender can help determine if refinancing or tapping into equity might allow you to acquire additional properties.Consider a 1031 Exchange: If you're open to selling a current property, a 1031 exchange can defer capital gains taxes while enabling you to upgrade to a larger or more profitable asset.
Jen Hoang
1031 Exchange advice
20 December 2024 | 8 replies
So yes you can exchange it to save capital gains taxes on $266k plus 19 years of depreciation recapture.
Nicholas D.
Is there anyone located in Mass who invest in OOS Apartments (10-40 units)?
27 January 2025 | 5 replies
I am in the same boat of either 1031 exchange or refi some of my small multi's to purchase a larger complex.
Kadeem Kamal
Anyway to estimate insurance without reaching out to my broker for every property?
16 January 2025 | 4 replies
I'm currently planning to purchase a commercial multifamily building in Chicago with the proceeds of a 1031 exchange.