All Forum Posts by: Robert Borer

Actually get to consider doing a 1031! Selling one SFR, buying a package of MANY SFR for much higher price. What would the timing of initiating a 1031 look like? I'm definitely in unchartered territory here. All guidance and suggestions welcome. Thank you! - Rob

Thanks @Douglas Snook - appreciated!

Thank you @Steve K. - great to get your perspective and wisdom!

Thanks @Peter Nikic - greatly appreciated!

Thanks @Benjamin Magnie - very helpful!

Thanks @Evan Polaski - exactly what I was trying to figure out. To help clarify your statement in your first paragraph - I'm buying a portfolio of 50+ SFR properties. So essentially equivalent to a 50 unit apartment, thus handling due diligence in a similar way.

Need a simple answer from my experienced multi-family investors.  I'm about to do my first multi-unit deal and I need to verify the info current owner/seller is telling me.  I know this is done with an estoppel agreement.  Thing I DON'T know is:  WHO gives this to tennant?  Seller or Buyer?  I know this is training wheels kind of question, but please help me out with your knowledge!  Thanks!  - Rob

Great Buy & Hold opportunity - Single Family Home in extremely desirable Ypsilanti, MI, Washtenaw-Clubview subdivision. This home was built in 1970 and offers 3 bedrooms, 1 bathroom, 1032 square feet of living space on a .25 acre lot. Rents via Rentometer are at $1440/mo – currently vacant. Offered at $89,650 – Will need work in bathroom, kitchen, siding, electrical and windows.  Needs a roof – After Repair Value of $170,000.  Recent comps from $180K to $203K.  INTERNAL Walk-Through: https://youtu.be/vs1T8n03qnU Go to http://www.willsellquick.us/843546 to make your best offer  www.metrodetroithomesalesolutions.com

Need referral for APPRAISER for APPRAISAL on 2B/1B Class C Rental in Indianapolis, IN.  Greatly appreciated.  Thanks.  Rob.

@Ashish Acharya - thanks for explanation - appreciated.  I actually DO need an appraisal even if I haven't explained the purpose clearly enough.