All Forum Posts by: Padraig Spellman

Thank you Jason for your response . Yes 1031 is an option . I didn’t think about a cash out refi , was just thinking of nigh g in for a bit and renting out my primary . But that might work as well .. 

Good evening , I currently have a deal that is going to make a good profit and am not sure if I should flip it or move into it and rent my existing house . I am worried about capital gains tax . My current house would cash flow. Can anyone offer some suggestions. It is in Long Island New York. Thanks 

Thanks so much Numa, yes that would be great if you could send me a list of foreclosures you are working on . I appreciate your feedback . I 

Hello to all , so I am looking  at a deal that is sub to . They have it listed with an entry fee and the remaining bal to be taken over . How does the entry fee work and taking over the balance . Any help would be great . Thanks 

Thanks Bob for your reply . Yes I am a cash as is buyer . Looking to flip some deals . I will pass on the deal for now to someone with more experience for a fee like you said . Thanks for the help . Appreciate it . 

Good morning to all , I am reviewing homes and came across some foreclosures and wondering g if you can negotiate the price. The comps show I have to pay a lower price in order to be a good deal . Not sure if you can offer less than asking on foreclosures. Thanks for any help . 

Whats up everyone, i am a new investor and ha e a couple of deals we are working on . Can anyone recommend a good real estate attorney in the Long Island ny area to help with closings and reviewing loans ? We are very excited to join the investor world but just need a little guidance in finalizing our team . Thanks so much !!!