All Forum Posts by: Barry Ratliff

@Jason Malabute what I'm wanting to do is several things. Pay off some debt to people I owe that I've tied their money up in my investments. Sell these paid off assets using 1031 to maximize tax efficiency and buying or investing in something that cash flows. Then borrow against those investment properties to purchase more producing properties by using that capital as seed $ to BRRR those. Atleast this what perceive in theory. 1. Use current rent house to borrow against for debt payoff and seed $. 2. Use the seed $ to BRRR multiple properties. 3. Sell ranch using 1031 and purchase cash property then payoff existing rent house loan off since it's a 18mo loan.

In the mix of all this when dust settles, I should maybe 6-8 properties cash flowing with some capital left in bank as seed to purchase fix n flips.

Thanks for your reply. I didnt know you can REITS are considered in 1031s. I'll look into that. I'm really tired watching property taxes and insurance erode the profits on my investments. Exploring more passive types. Even thinking of mobile home rentals as if they are classified as personal property and not real estate, only taxed on the land and just self uninsure them. Not sexy but a 30k used units investment strategy renting for 1100 a month, I think could one way. I just would just need to renter proof them so to not damage them. 

@Teresa Tramp I have rehab 4br 2ba 1860sf in 49 zip. What's the rent rate for this house? I have for sale at 190k.

Would like suggestions what you would do. Here's what I have: A) 17ac ranch with dbl wide mobile value 300k, no loan. No cash flow. B) Sf 3/2/2 rent house 200k value, no loan. No cash flow son lives there. C) Sf 3/2/2 airbnb w/ 140k note 1500 mo, value 220k. Cost segregation on all 3.

What strategies would you do to get cash, pay debt and keep property? Or sell all?

Anyone have experience as HOA Management in what happens to revenue when property owners losing their houses? Does HOA have loss of income insurance or some fund to make up the losses until owners get property rehabbed or built? I'm curious.

Unrelated to HOA but if homes won't pass the safety engineered designation, who demo's house and haul off and when does HOA or city make owner to remove?

@Parker Reyna it has been driving investors to my area, raising prices, traffic, crime and taxes. I'm in Bell County.

I have a Home that gets alot of interest wanting to owner finance. I'm not in position to do so, but are there people or companies who would buy my existing home to owner finance to that buyer? Property is on 1 acre in Central Texas, Temple TX, that has complete gut job rehab priced at 300k. Let me know please. Thx.

@Travis Rogers are you interested in listing these on mls? I'm a investor friendly broker on Temple and mls will yield highest returns unless you just wanna work direct with investors ar a discount. We can discuss further if you want.

@Ronny Roktel hello Ronny, welcome to the REI world. I'm Bell Co investor and investor friendly broker. You can dm me.

@Brandon King I am a Temple Tx broker and don't mind giving comps. Relationships is how good realtors survive in the business. Hit me up. BarryRatliff.com