All Forum Posts by: Rob Golob

Rob Golob has started 15 posts and replied 80 times.

Scenario jumps to $3.4MM at 12%.

$1.5MM at 10%.

BIG differences.

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Nice post but I have a question.

You state that banks want to lend money and based on your reasonable assumptions, it should not be an issue to refinance after 10 years.

If so, why would the original lender choose to call the loan at balloon time as opposed to re upping?

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Originally posted by @David C.:

@David Krulac

I'm sure you could guess this, but he's saying his net cash flow is close in value to his depreciation expense. So as long as he's depreciating, his 'income' is smaller than his cash flow and his effective tax rate on his cash flow looks very low.

because we know depreciation is not a 'real expense', its just tax forms. He acknowledges that he is deferring the tax but is planning and hoping that the long term capital gains tax remains lower than the income tax.

Depreciation recapture is ordinary income.

Most of my depreciation was taken at a lower marginal rate that I would have to pay now if I were to sell.

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Ahhh - Thanks

Funny, I wondered if the post was appropriate or not.

I guess my radar was on track.

Thanks

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Hi - I hope i can get some help here. I have a few discussions that I am following (below.) If I click of the "blue" topic I am redirected to that discussion. I assume that's how it's supposed to work. However when I click on the second topic below ("Crazy low risk...") I get redirected to the main "Recent Forums" page. Is there a glitch? I'd like to add a post to the existing discussion but cannot get to it.

Thanks in advance

1 Vote

I want to be vauge in case it's not allowed.... In general is it permissible to seek houses for sale? I cannot find a list of "rules" that says yea or nae.

(If not and above is even too much to say - I will edit it to some not related pleasantries)

Thanks

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Originally posted by @Westin Hudnall:

@Steve Babiak

@Bill Gulley

I personally don't want to sell it back to her as it needs no repairs and is sellable for $125k conservatively as is (picture an older couple who turns their car mats upside down to not let them get dirty and takes care of their house the same) ; the sell back price would be $90 k so obviously them moving on makes the most sense to me but terms have to work for them as well if I want the deal or if I want to keep a clean conscience. She is really nice and I want to do the right thing so the suggestion to help her find a new place might be a great option as I should have my real estate license within the next month or two anyway.

If all above is accurate and you want to keep "keep a clean conscience" you should tell her to sell it for $125K to someone else.....

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Sorry - Looks like I goofed already. Double posted. Sorry for the inconvenience.

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First post and I trust it is not against the rules ask for referal companies?...

Also, I hope this is the best place to ask?

I have a house under contract (sell) in Ohio and I am trading it for property in NW Indiana. My realetor recommended IPX Investment Properties. They have a Chicago office. Does anyone have experience - good / bad - with this campany?

Would anyone have another recommendation?

I'm fairly well versed on the rules etc, I just need a trustworthy, cost effective facilitator.

Thanks in advance,Rob

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First post and I trust it is not against the rules ask for referal companies?...

Also, I hope this is the best place to ask?

Would anyone have another recommendation?

I'm fairly well versed on the rules etc, I just need a trustworthy, cost effective facilitator.

Thanks in advance,Rob

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All Forum Posts by: Rob Golob

Rob Golob has started 15 posts and replied 80 times.

Post: 401k vs. Investment Properties...am I crazy?

Post: How scary are balloon payments / short term debt?

Post: Would you invest in 401k instead of invest in real estate?

Post: Having trouble accessing a discussion thread

Post: Having trouble accessing a discussion thread

Post: Allowed to seek houses for purchase?

Post: How would you structure this lease back / lease purchase option to best protect myself ?

Post: 1031 Exchange recommendation (Trading OH property for 2 in NW Indiana)

Post: 1031 Exchange recommendation (Trading OH property for 2 in NW Indiana)

Post: 1031 Exchange recommendation (Trading OH property for 2 in NW Indiana)