All Forum Posts by: Raphael Collazo

Hey Greg!

@Luke Neubauer and I are meeting up next week to iron out the date for our next meeting. Most likely it will be on a weekday the last week in April.

If I were you, I'd strongly consider the option of executing a 1031 exchange. If you sell the property outright, you'll be subject to a long-term capital gains tax rate which at the time of this writing is 15% (a.k.a $30,000+). Along with that, you also have to consider depreciation recapture on the sale of your property. Since you're required to claim depreciation on your property each year that you owned it, the dollar difference between the depreciated basis of the home and your sales price will be subject to this tax. With a 1031 exchange, you can take your sales proceeds and invest them in "like-kind" property. In your case, that could mean purchasing an apartment building, commercial complex or purchasing multiple properties (usually up to 3). There are strict rules you have to follow in order to make your 1031 exchange valid so I would encourage you to speak with a professional who has a lot of experience helping investors execute these transactions. Hopefully, that helps and let me know who it all goes!

All the best, 

There are opportunities for cash flowing properties here in Louisville. In fact, the property I purchased this past November met the 1% rule. Although the market has been heating up in recent years, there are still opportunities to be had in the city. 

Hey everyone!

We had a great turn out last night! It was awesome meeting everyone who came out and I'm excited for the future of the meetup group. If you weren't able to make it this time around, be sure to stop by next time! I'll keep you all posted on the date for our next event.

All the best,

Hey everyone!

We had a great turn out last night! It was awesome meeting everyone who came out and I'm excited for the future of the meetup group. If you weren't able to make it this time around, be sure to stop by next time! I'll keep you all posted on the date for our next event.

All the best,

We had a great turn out last night! It was awesome meeting everyone who came out and I'm excited for the future of the meetup group. If you weren't able to make it this time around, be sure to stop by next time! I'll keep you all posted on the date for our next event. 

All the best,

Hey guys,

Today is the big day! Just a reminder, the event will be held at The Manhattan Project on Frankfort Ave from 6:30 - 8:30 pm. I look forward to meeting you all tonight!

All the best,

Hey everyone,

Today is the big day! Just a reminder, the event will be held at The Manhattan Project on Frankfort Ave from 6:30 - 8:30 pm. I look forward to meeting you all tonight!

All the best,

@Jake Gross I'm sorry to hear that you won't be able to make it. However, we plan on having regular meetings going forward so it won't be the last one. Have fun on your trip and I look forward to meeting you soon!

All the best,

@Mary Kaufman Of course! Investors from both Indiana and Louisville should be in attendance.