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All Forum Posts by: Martha Chaudhry

Martha Chaudhry has started 3 posts and replied 5 times.

@Ned Carey thanks. I am wrestling with the art of analysis and getting feedback on what is ugly in the numbers is helpful. Basically these are exercises for me at the moment as I begin to understand how the numbers work together and against each other. I appreciate your feedback and comments!

Thanks I am nowhere near pulling the trigger, just trying to learn. Where do you feel the #s are way off/ don’t add up? What would be the most important factor that would need to change? I’ve played with it a lot , trying to understand the pitfalls. Is it market rents that are too low? 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $515,000
Cash invested: $180,000

Buy and hold condo unit with 2 car garage, penthouse unit with 3 balconies, high ceiling and fireplace 1 block to Bellevue Square

What made you interested in investing in this type of deal?

A foothold in the market while we were living overseas. A residence for my mother to use.

How did you find this deal and how did you negotiate it?

I look for properties that have very unusual, valuable features, such as amenities, views, locations

How did you finance this deal?

Conventional

How did you add value to the deal?

Extremely selective site selection. We will renovate before selling.

What was the outcome?

Still holding

Lessons learned? Challenges?

This time we will structure a 1031 exchange. I want to leverage or trade this property up for multi-family, multi-unit

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $638,000
Cash invested: $200,000
Sale price: $860,000

Single family bungalow on Queen Anne Hill. Bough, held, sold

What made you interested in investing in this type of deal?

We were living overseas, wanted a foothold in the rising market.

How did you find this deal and how did you negotiate it?

Worked with a residential agent, only looked on Queen Anne

How did you finance this deal?

With conventional financing

How did you add value to the deal?

Extremely selective site selection, neighborhood

What was the outcome?

Return was good, we rode out a rapid rise in the market which was the intent

Lessons learned? Challenges?

Huge learning, huge mistake. We were not informed of 'Like-Kind' exchanges, 1031 rules, and were ill informed. We were of the understanding that we could roll the profits from the sale into a permanent residence, which is not the case. We took a huge capital gains tax hit. Lesson learned....

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No, our agent did not inform us of the 1031 Exchange