All Forum Posts by: Mark S.

@Chris Lofstrom welcome to bp sir. This a great community of real estate investors.  I'm in Alexandria, la or some call it central Louisiana or cenla but whatever. One thing I like about bp is the prospective you can get from a wide range of investors about things that work in other markets. But I also get a great bit of satisfaction with helping newbies. I'm always interested in learning and teaching! Anyway, happy investing...

@Shayla FletcherI don't know if you've heard but the Ryan's on MacArthur has been closed down. I have a tenant that works there and he told me today. I went by and sure enough a note is on the door. I've altered my schedule to be available because I'm so excited to be a part. So check it out and let us know.  

I'm really glad there is an opportunity for a meetup in CENLA, unfortunately right now I'm scheduled to work that day. Please keep me in the loop with an update or some notes on topics discussed. Thanks!! @Shayla Fletcher

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Welcome @Russell Bertrand to bp! Great idea to start to dive into the community. This is a great resource for newbies!! Look forward to seeing you around.  

i Agree with @Ashley Pimsner for the most part. getting involved here an bp is a great start. i just started woking with an investor as a private investor and he is sharp already as a real estate investor and his criteria is more defined then my own and i think it has to e to protect himself. it makes me work harder to find better deals than what i would normally would, meaning i would pay 1k for a deal if i can still hit a certain cash-flow but he wont budge. the reason tells me is that 'you don't want to owe on it forever' which makes sense. on one deal an extra 1500 cost another ten month of payments! i now know that he has plan that should follow. he's the millionaire investor not me. private lending can be exciting for both parties. good luck in your adventures.

i bought a 2/1 for $. the title work was 4k, 7k rehab, rented it for $450. sold a year later for 31k.

@Al Wilson- thank you for your response. ig he does nothing then and the properties pass to his son then sale price would almost double to fair market value. At that point my offer would seem low ball.  He knows this already. Part of the levage i have is that his son is uninterested in owning rentals. So the challenge is to create a situation whereby I either own or control the units and the seller receive monthly payments avoiding or greatly minimizing tax exposure. If something of this nature can be structured then we will have a deal. 

@Skylar Dejesus thank you for the resource and the response. 

@Linda Weygant we talked about this. i think. he was wiling to do a bond for deed and even with the installments he pay taxes. 

i'm thinking along the lines of an agreement that will trigger in the future. also i heard that an individual can make money tax free after retirement age or 72. it that not true?

or is that only related to social security? 

is this even possible? 

Hey BP Nation!, 

i have a question and i hope I'm posting it in the right place. 

so, one of my mentors in this business is considering selling his portfolio as he is 'up in age' now. after many discussions about his exit strategy he told me today that he has an offer on the table on the table right now. someone wants to buy al his properties. he doesn't want to sale and pay all the capitol gains taxes, and thereby lessen the estate he would leave to his only son. 

there are 60 b- c+ units across 2 cities. no mortgages. no vacancies. 

is there a strategy that will allow for a transfer to a new owner without the big tax hit?