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All Forum Posts by: Jason Mead

Jason Mead has started 1 posts and replied 5 times.

Post: Avoiding the tax penalty

Jason MeadPosted
  • Rental Property Investor
  • Lansing, MI
  • Posts 5
  • Votes 4

@Kyle J. Yes! Best one so far 👍🏆

Post: Avoiding the tax penalty

Jason MeadPosted
  • Rental Property Investor
  • Lansing, MI
  • Posts 5
  • Votes 4

Hello everyone! I was sitting here wondering what’s the best way to do this. I’ve just completed my flip house and am walking away with a decent profit approximately $50,000. My question is what’s the best way to take that profit and minimize the tax burden. My goal is to reduce some of my debt with the proceeds otherwise I would do a 1031 exchange. Any advice out there? Thank you in advance

Post: What CAP rates are you seeing in your market for multifamily

Jason MeadPosted
  • Rental Property Investor
  • Lansing, MI
  • Posts 5
  • Votes 4

@Amber Saulsbury I’m closing on a 4 plex Friday. Cap rate is 8. I usually shoot for 10 but this property is in a nice area and I’m sure I’ll see good appreciation. (Lansing, Michigan)

Post: REI Meetup - May Networking Event Air BnB

Jason MeadPosted
  • Rental Property Investor
  • Lansing, MI
  • Posts 5
  • Votes 4

Sorry I missed this one David.  :-) i'm in on the next one. 

Post: Trading W-2 for Self Management- 0-92 Units in 16 months!

Jason MeadPosted
  • Rental Property Investor
  • Lansing, MI
  • Posts 5
  • Votes 4

Great info Collin! The book list alone was worth the post.  :-) i copied your list and am working my way through the ones that i have not read (most of them) Thanks again!