All Forum Posts by: Eric Mayer

I guess I’m the only one wondering why 6 dudes are moving into a 2 bedroom. 🤷‍♂️

When everything is free, someone has to pay...

I have purchased most of my property from the listing agent for this very reason. It may be unethical for them, but it is what it is. I want the best deal possible.

Thank you @Dave Foster!

Tough call...

@Tim Jensen 6-7% at my price point. Hard to justify.

From the time I learned about 1031 exchanges, I’ve been all in on the concept. Lately though, I’ve been second guessing myself. 

What if I ever want to sell off my properties and cash in if I feel a recession is coming? All that deferred tax would be brutal.

Do most of you 1031 investors plan to keep building your portfolios for cash flow and will weather the next recession? I am in sell mode at the moment and could use some guidance.

Thank you,

Eric Mayer

Brb, putting cell towers on all my properties.

Discounts come with multiple doors. I do have discounts from both my property managers. 10% is good for 1 rental. Surprised they aren’t charging you 12%.

The taxes on the gain in the first sale are deferred, not erased. Good thinking though.

@Jim Biggs Gotcha Gotcha. 👍