All Forum Posts by: Mic Nguyen

 For sure. Thinking of getting my PPL so would love to talk aviation. We can exchanges tips. Im very active in crypto and stocks as well. 

Hey Sheldon, Im also a local Pensacolian and real estate broker with 8 STR's in Pcola. I would say 50% occupancy in winter months is high unless you drop rates to $100-150 per night. Snow birds who visit during that time get gulf front condos for $1500 month. If you need any assistance I'd be glad to help.

Talk to you title company or attorney. My title company handles my 1031's for me with no extra charge outside of the closing fees. 

Hello, I am a realtor in Pensacola and can assist you. 

 did you find a buyer for this property? im in pensacola

I've always used my own PM after interviewing them. Even when management was already in place, I switched them out.  

Did not there used to be one at Golden Corral on Tuesdays or is that the one that moved to the bay center? Do you know who runs that? Seems like the Bay Center would be expensive. I have a 5000 sq ft golf course clubhouse if you ever need a place to host @William Allen.  

Sale on the property could be tax free depending on your tax rate. Long term capital gains are capped at 15% for high tax brackets. Your making 3600 annually on a 4700 cash investment. Thats a 77% return before taxes but your probably not paying much tax because the depreciation write off is roughly $2600. I would hold it unless you need some cash for something else. 

You would have to shop around banks. I've asked all my local banks and no one will do a HELOC on any investment properties regardless of income and credit. Banks have some weird polices in place no wonder they needed a bailout.

When and where are the Tuesday ones? I been meaning to attend one of these days.