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All Forum Posts by: Chad Duval

Chad Duval has started 9 posts and replied 94 times.

Post: Have You Ever Bought a House from a Relocation Company?

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

@Joshua Dorkin There was more paperwork with my purchase, but nothing (from this relo company) seemed totally stacked against me. The company was in a rush to get the property off their books so they were very willing to negotiate. They covered $5k worth of repairs and all my closing costs. I had a great experience! 

Post: 1031 Exchange: Primary Residence To Rental Property?

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

Thanks everyone for your help! I love this site! You're all so helpful. @Dave Foster I like your advice. I may look at tapping into my equity so that I can keep the portfolio development process moving forward.

Post: 1031 Exchange: Primary Residence To Rental Property?

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

Hey all! I bought a primary residence about 10 months ago. After rehabbing the property, I've gained about $100k in value. Because I don't want to wait until the two year mark to sell (to avoid the capital gains tax), am I able to perform a 1031 if I trade up to a rental property?

Post: From thinking to BAM

Chad DuvalPosted
  • Rental Property Investor
  • Boston
  • Posts 103
  • Votes 21

Congrats, Drew! Definitely keep us updated. It's an exciting feeling to finally jump in head first!