All Forum Posts by: Julie Fullmer

@ Barry Perkins Thank you! 

My son is looking for a side hustle while in college. Any recommendations on a good book on wholesaling or better option for him? 

@Ashish Acharya, 

"Interest will be imputed even if you don’t charge it." By whom? If they are acting as bank and carrying the note don't they set the terms? 

 @Natalie Kolodij My understanding is they wouldn't pay any tax up to the $500K mark which they are way under. so you are saying they would? I guess I am lost, sorry.  

Can you please explain it a bit more? I guess I understood if they took it lump sum there would be no tax and I thought if it was spread out or interest was paid on it that, that would complicate things...

My Mom and her husband are selling a property they lived in for the last decade or so. This money is their retirement.  Sales price of about $259K The buyers want to pay 100K down then make payments for 5 years with a balloon then. I explained several ways to do it and told her to talk to a CPA and Lawyer. but thought I would see what you guys would say? My concern was that the interest if charged might mess up the no taxes on capital gains. I suggested raising the price and not charging interest. What say you?

@Robert Laird Thanks for the vote!

@Robert Laird Thank you!!! That helps! and thank you for your point of view @Jameson Sullivan!

Thanks for the thoughtful response. I was an aid for 18 years so understand a lot of what you are talking about! 😉 We have found property we loved but we're stopped by zoning not letting us make improvements to make money (RV lots, Casitas etc.) And can't afford that kind of property unless it is working to pay it's own way! 😁 I think  we will end up doing what you suggested unless we can find a place we can rehab and put in split double master's. The multifamily just was to impersonal. We will probably invest for money elsewhere as money allows. I really want to find an old run down property that we can rehab for future equity. Thanks again!

@Bill S.@Dev Horn@Brian L. I am considering getting a list for Yuma Az. We are moving there in January and my 90 year old grandmother is coming to live with us. So this search is for a primary residence as well as investment opportunities.

 What do I say when asking the title companies for addresses? Also we are trying to do this from overseas....

I really appreciate your time, thank you!

@Robert Laird  What should you say when asking title company for addresses? Thank you, Julie

What do you say when asking the title companies for addresses?

Thanks, 

Thanks!