All Forum Posts by: Brook W.

I am seeking any ideas for how to defer my tax liability for selling stocks in order to make a down payment. I have found a property that looks good and I would like to buy.

I have already sold stocks for the downpayment for a rental property I bought earlier this year. Selling another chunk of stocks this year will push my taxes a little higher than I can tolerate.

What methods could I use to put a down payment on the property this year, but sell the stocks next year? I am not sure that I have a source for a private hard money loan; there's some possibility but I am not counting on it. Obviously I am a pretty safe bet since I can prove I have the cash to pay off the loan at any time, and just want the money for a few months. But the interest has to be significantly lower than the amount of money I would pay on taxes or else it wouldn't make sense to get a loan.

Any thoughts? Thank you in advance!

Welcome @James Johnson !

@Khadijah New welcome! Lots of opportunity in Cincinnati.

Steven, it wouldn't hurt to get an idea of what it's like to manage tenants for a while before moving on. Sometimes things come up that require a ton of cash and it's good to get an idea of the ebb and flow of money as well. Sometimes it will flow and sometimes a roof repair will come up and it doesn't seem so great after all.

@Brad S. I'm also very interested in ambiguous situations. Also, if you have any recommendations for engineers or foundation companies that aren't full of hot air in Cincinnati, I am more than happy to hear about it. We are really just getting started in buying rental properties, although I have been a landlord for my old duplex for 10 years, and I think there's some opportunity in Cincinnati if you know how to deal with foundation problems.

@Deborah Burian -- do the professionals ever have a good idea of what is wrong without observing the foundation movement over a period of time? How do you find a good professional? Seems that there's a lot of snake oil when it comes to foundation repair.

I want to hear your most basic thoughts about buying properties with visible foundation problems. I understand there can be a huge spectrum of problems with consequences varying from "can't play a fair game of marbles" to "oh $hit the house is falling down the hill." I also know reasons for foundation issues can vary throughout the country; I live in a hilly city with clay-heavy soil and that affects how things work here.

Generally, do you consider purchasing a home with foundation problems? If you are doing buy-and-hold and you buy with the assumption that you can watch the foundation and perhaps install a French drain or push piers later, how do you strategize for future repairs? How do you figure out what will address the problem?

I want to hear all your thoughts about buying properties with foundation problems!

@Roy N. Geothermal seems to have fallen off the map for the most part. I think the numbers don't work out even when the project is feasible (as you alluded to, it's not always possible to install). I am wondering about some of these bigger multiunit properties that don't have individual furnaces-- if there are any circumstances at all where it would end up saving you money in the end. Something to think about.

Hi Folks. I am interested in hearing from anyone who has successfully insulated and installed energy-saving or high-efficiency products. I am interested in hearing if you've frontloaded the cost and really benefitted down the line.

I have been looking for our next multifamily and almost all of the buildings I've seen have ancient furnaces. Has anyone replaced the furnace(s) in a multi-unit building with something that might be more expensive but saves a lot of money in the long run? Has anyone installed geothermal at an apartment building?

I'm also interested in opinions about push pile piers. Thoughts?