All Forum Posts by: Chaz Mathias

@Domenick Cava I think golf in an invaluable tool to make strong connections with people. It affords for people in your network to let their guard down and you can make strong connections this way. 

Correcting my post above**

I tend to agree with  @Peter M. and

@Stacey Paulin

@Abimael Rodriguez I tend to agree with @Peter M. And @sta@Stan Bril. If she supports you, throw yourself into it and chances are she will show interest on your interest. Do not force it. Let her come to you and when she asks how your day was, use that opportunity to let your passion and excitement come through. Best of luck to you!

Hi Adam, It is just the capital gains that are liable to be taxes, which would be the $50k of appreciation. My understanding is that it would have to be a new property, there are rules about identifying a property and timelines to close. Here is an article that may help.

https://www.cwscapital.com/what-is-a-1031-exchange/

Hi Joshua,

I'm in the solar industry and I think it would make a difference whether the loan is help privately or part of a public program such as PACE. Sometimes a loan can be held as part of a local program and is tied in with your house tax payments. 

Without this info, I think paying down the solar, which is the highest interest rate. Definitely do not pay down the house unless these other loans are paid down. You get so many benefits from the home loan, so touch that last. 

If the car you own is not necessary, you could save even more to sell your vehicle and move to a more economical car as this is a depreciating asset. 

@Shane H. Your integrity is everything, do the right thing and be the better person even when it’s difficult. Good luck!

Hi Bernard, 

It seems like $150,000 would leave you with little wiggle room. Projects like these seem to always cost more than you would expect. As far as the negotiations, it sounds like you are taking a good approach, I just finished the audio version of "Never Split the Difference: Negotiate as if your life depended on it" by Chris Voss. This has invaluable tools that may help for you to achieve your target price. 

Go for it! It sounds like you have a great plan and pursue the opportunity :) Help your uncle, the sweat equity to help yourself and keep the house in the family. 

Congratulations and it sounds like you have run the numbers and have a great deal. Best of luck!

You would have to feel comfortable with the city, my only recommendation would be to make sure there is a diversity in the businesses and industries.