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2 April 2018 | 7 replies
I was referencing the immediately previous post.Two requirements to fully defer all tax - Purchase at least as much as your net sale and use all of the proceeds.If you use all the proceeds and add some of your own cash to it you can still purchase at least as much as you sold.
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10 March 2018 | 7 replies
@Patrick Ng, I held one for about 12 years (8 years as a rental) and probably did a little better than breakeven; sold it for $50k appreciation in 12 years (+ principal reduction).
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10 March 2018 | 5 replies
Double check these.Before you get to deep in the process make sure you establish a good ARV based on recently sold comps.
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19 April 2018 | 21 replies
1) I want to learn all I can about REI because I want to make a career out of it without losing my shirt.2) I won't have much cash to actually invest until I have sold my property in CA and I need to finish the reno before I can list it.3) I used to be an attorney and I saw plenty of clients get burned for trusting the wrong person/people.
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11 March 2018 | 12 replies
On another note, if the property has not been sold in three weeks it's probably not that good of a deal.
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13 March 2018 | 3 replies
HelloI sold a property that I bought for 680k 10 year ago and sold for $850 minus fees so $800k.
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10 March 2018 | 15 replies
I'm not completely sold on the condo investments due to the low cash flow after HOAs.
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7 March 2018 | 2 replies
I sold A property to an investor he bought the house for 150,000 at a 7% interest rate for 12 months He has a monthly payment of 1400.
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7 March 2018 | 3 replies
With respect to paying for expenses in connection with real estate owned by the IRA, not only do these expenses need to be paid with funds from the self-directed IRA, existing assets that you personally own or through your business or a business of a disqualified party cannot be sold to the IRA to improve the property.
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12 March 2018 | 18 replies
Because of privacy laws the county would not even acknowledge that the office resided there, and the State Vital Statistics office would not give out a copy of the death certificate without a court order, also to comply with privacy laws.