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Updated 11 months ago on . Most recent reply presented by

User Stats

168
Posts
46
Votes
Barry Ratliff
  • Flipper/Rehabber
  • Temple, TX
46
Votes |
168
Posts

Asset rich and cash poor. Need strategy advice to maximize.

Barry Ratliff
  • Flipper/Rehabber
  • Temple, TX
Posted

Would like suggestions what you would do. Here's what I have: A) 17ac ranch with dbl wide mobile value 300k, no loan. No cash flow. B) Sf 3/2/2 rent house 200k value, no loan. No cash flow son lives there. C) Sf 3/2/2 airbnb w/ 140k note 1500 mo, value 220k. Cost segregation on all 3.

What strategies would you do to get cash, pay debt and keep property? Or sell all?

Most Popular Reply

User Stats

210
Posts
135
Votes
Joshua Thompson
  • Accountant
  • Melissa, TX (Remote)
135
Votes |
210
Posts
Joshua Thompson
  • Accountant
  • Melissa, TX (Remote)
Replied

This is a great question. I think you would get more results if you post it in the Personal Finance section as it seems like a more personal finance question. From the tax side of things, we could talk your ear off on strategies but those tax strategies may not align with your financial goals or be applicable to you. I would highly recommend speaking with @Josh St Laurent. He is a financial advisor worth his weight in gold. He works mainly with real estate investors and could help you strategize from a financial perspective.

  • Joshua Thompson
business profile image
Thompson Tax Group LLC
5.0 stars
48 Reviews

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