All Forum Posts by: Chris Cavanaugh

All, thank you for the warm welcome.

@Russell Brazil - Thanks for the CPA recommendation.  I will follow up with him.

@Matthew Hornsby - Thanks for the note.  We are exploring all options at this point...definitely interested in a 1031 exchange and potentially pulling out some equity.

Thanks again!

Chelsea, thanks for the reply.  My mother is not in a hurry to move forward.  I may ask for a reference once she is ready to start taking action.  

Thanks again.

Anyone on BP familiar with real estate in/around Van Wert county, Ohio? I have a family member there who wants to sell several residential lots (30+ acres including a pond) in the countryside.

I don't live in northwest Ohio and am trying to help from long-distance...hoping BP can connect me with local expertise and/or provide advice on how best to market this property.

I’m an active duty military member, currently living in Northern Virginia, and I recently found the BP podcast and website.

My wife and I own one rental property, a townhome in the Franconia-Springfield area, which we purchased as a primary residence in 1999 and converted to a rental in 2001. We manage it ourselves now that we live in the area (although we’ve used property management when stationed outside the DC area) and have had a good experience with this buy-and-hold rental.

I’m not planning to purchase additional properties in the near term, but would like to continue learning in preparation for expanding our real estate portfolio once I retire from the military in about 5 yrs (probably not in the DC area).  I’m hoping BP can connect me with:

  - A local expert (attorney, accountant, or financial planner) who could assess our specific situation and options and tax implications of eventually selling the investment townhouse—reconverting it to a primary residence to reset the capital gains exemption, 1031 exchange to the area where we plan to retire, etc.

  - A local real estate investment club where I could get involved for the purpose of learning more.

Thanks!!!