All Forum Posts by: Felipe Mondragon

Hey folks- I’ve got a couple of commercial buildings in Stafford and I’m looking for recommendations for property management companies. So far I’ve spoken with CXRE, Colliers and Vista. Any folks have buildings in Fort Bend that can recommend their mgmt company? 

@John Collins

Was getting 2k with 200k equity. House sold for 267k this month.

Im currently selling my EaDo rental. Purchased in 2005 for only 10k down. Equity has surpassed what rents in the area will support, so It's time to move on. Unless you get a smoking deal on a 2010+ 3bdr home, I would skip this area for SFH investing.

@Jeffrey D. yes i tried that first before considering selling. No lenders would refinance on a rental. 

Appreciate the input guys. Im going with option 2.

$300 at $2000 monthly rent. Problem is supply glut is pushing rents back down. I would not get back into a residential property. Looking to move into commercial.

Hello all. Long time lurker, first time poster. I'm at a crossroads with an EaDo SFH rental and would like some of your input. I've been holding it since 2012. It's been a good ride, however rents have stagnated and I'm eager to move the equity elsewhere. The way I see it there are three options: 1. Sell 2. 1031 exchange into a small multifamily 3. Continue holding.

If I sell today I'll be hit with depreciation recapture and capital gains. I'd prefer to 1031 into something else, however I'd have to find the deal first (slim pickings at the moment). If I hold and ride this stagnation period out, things may improve in a few months. I'm leaning towards option 2, as the tax hit would be significant (15-20k) and I don't see rents going much higher for several years in EaDo.

What am I missing? Looking forward to reading your thoughts.