Johnny Salameh
Multifamily with HUD contracts - a bad or good choice
Hello,
what are the pros and cons of buying a multifamily that has HUD contract on all its units for 15 remaining years.
Thank you
Joshua Loera
1031 exchange information to new build construction loan needed.
Hello,I just currently sold a duplex I own and will be getting about $31,000 net from the sale. Could I 1031 that into building a triplex that I will live in? Any help would be appreciated. Thank you,Joshua Loera
Patrick Rhodes
Buy and hold partnership
Investment Info:
Other buy & hold investment in Tullahoma.
Purchase price: $50,000
Cash invested: $20,000
Sale price: $476,500
Bought the house and two lots for 50k. The existing home has a 3...
Daniel Wirth
Do I have to pay Capital Gains Tax
Hello all,
I closed on my house in Taos NM in June 2021. Purchase price: $165,000.
The market has doubled in the time since closing and two of my neighboring houses (Exact same houses) have just sold for $340,000. I...
Andrew Rohach
Using the equity of an Investment Property
I have a current rental that I have more than 50% equity available. I'm having trouble trying to find ways to tap into it. My current interest rate on the loan is 4.25% so I'm not exactly interested in a cash out refi...
Brian Kempler
Crediting back some of a buyer's down payment
I would like to credit back a portion of my buyer's down payment on a house, say a few days after closing. We'll then write a promissory note for the amount, maybe attached by mortgage (if not, a lawyer said attaching...
Tucker Mortier
2nd House Hack- 12 months later.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $267,000
Cash invested: $40,000
Sale price: $267,000
Contributors:
Tim Swierczek
Closed ...
John-Michael Rachinsky-Wood
Unique ways to convince an owner to sell
Looking to hear of any successful “out of the box” ways that investors have convinced an owner to sell. I’m obviously thinking of any owner who didn’t willing have their property listed for sale or have a plan to sell...
Jack B.
Capital Gains Tax free exit from rentals: it is possible
Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make x a year. You ...
Jeni L.
1031 exchange on loss?
Does anyone understand the rules of a 1031 exchange?
Is it true the acquired property's purchase price must be higher than the net sales of the exchanged property?
If a property swap occurs of different...