All Forum Posts by: Ariele Aaron

@Brian G.what is a QI?

Thank you all so much for taking the time to write down your advice! You’ve given me a lot to think about as well as a lot of clarity. I’m extremely grateful for this platform for many reasons 🙏

@Erik Browning thank you so much for your response!

I have my property listed on the market already and am working with a Realtor. I ended up using  the concierge service that gave me money upfront on a credit card to update the flooring, paint and stage my property totaling in $18k that I have to pay back once it sells.

If I do a cash out refinance, that means that I need to take my property off the market and stop working with my Realtor that put in a lot of work already into showing open houses and all the work she’s done behind the scenes. Can I just decide that I don’t want to sell it after she’s done so much work and would I pay that $18k from the concierge credit card when I do the cash out refinance?

Hello! I bought my first property in 2011 for $230k for 0 down using the VA loan. For the last 7 years, I've rented it out so when I sell it I will have a significant amount of capital gains tax. The property tripled in value over the last decade and now I want to sell it to purchase something else using a 1031 exchange to avoid the capital gains tax. I was thinking of buying a property that's local to me in the Research Triangle area for all cash that way I can own it completely and use it as a rental property, banking in on monthly rent since this is the area I have lived the past 2 years and know it well.

I am still a newbie at investing, and I just would like to know if this is the best strategy or if there are other better strategies out there. My husband and I are both veterans and I'm wondering if we could also purchase another property later on using the VA loan in addition to buying the investment property for all cash.

Thanks in advance!