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All Forum Posts by: Thomas Meyer

Thomas Meyer has started 11 posts and replied 51 times.

Post: COVID 19 benefiting note investing

Thomas MeyerPosted
  • Rental Property Investor
  • Simi Valley, CA
  • Posts 53
  • Votes 42

Great question!

Post: OK who has received all or most of their rent this month ?

Thomas MeyerPosted
  • Rental Property Investor
  • Simi Valley, CA
  • Posts 53
  • Votes 42

4 SFH all paid up. I contemplated sending out an email/letter but chose not to open that door.

Post: The Book on Advanced Tax Strategies

Thomas MeyerPosted
  • Rental Property Investor
  • Simi Valley, CA
  • Posts 53
  • Votes 42

I have a dumb question, is this state specific or will it apply overall?

Post: Taking over a whole note

Thomas MeyerPosted
  • Rental Property Investor
  • Simi Valley, CA
  • Posts 53
  • Votes 42

Thank you so much for the information

Post: Taking over a whole note

Thomas MeyerPosted
  • Rental Property Investor
  • Simi Valley, CA
  • Posts 53
  • Votes 42

The loan is vested with two lenders (Me and my partner 50/50). I guess my question is it as simple as drafting a new promissory note and recording it or am I missing something. I don't know where to begin. I appreciate the feedback. Thank You

Post: Taking over a whole note

Thomas MeyerPosted
  • Rental Property Investor
  • Simi Valley, CA
  • Posts 53
  • Votes 42

I own half a note (First Trust Deed) with a partner. The loan is due in four months, but the borrower wants an extension of a year. I am willing to extend the term, but my partner may not. How do I take over his portion of the note?

Post: DST-What would you do?

Thomas MeyerPosted
  • Rental Property Investor
  • Simi Valley, CA
  • Posts 53
  • Votes 42

Essentially, I have a property that is getting sold with a potential of 58 k in capital gains, bring the total investing amount of 128k ish. I have four free in clear rentals with great cash flow. Zero debt. I also have several hard money loans out getting between 10 and 11 percent. Question: To avoid paying capital gains tax on the 58 k, would you invest in a DST with Inland for roughly 6 percent. I don't need the money and just looking to diversify without headaches and just have a stream of extremely passive income. Is 6 percent just not worth it? What say you....

Post: DST-What would you do?

Thomas MeyerPosted
  • Rental Property Investor
  • Simi Valley, CA
  • Posts 53
  • Votes 42

Essentially, I have a property that is getting sold with a potential of 58 k in capital gains, bring the total investing amount of 128k ish. I have four free in clear rentals with great cash flow. Zero debt. I also have several hard money loans out getting between 10 and 11 percent. Question: To avoid paying capital gains tax on the 58 k, would you invest in a DST with Inland for roughly 6 percent. I don't need the money and just looking to diversify without headaches and just have a stream of extremely passive income. Is 6 percent just not worth it? What say you....

Post: Lease renewal question

Thomas MeyerPosted
  • Rental Property Investor
  • Simi Valley, CA
  • Posts 53
  • Votes 42

Great point, I’ll email her case agent. Thanks again

Post: Lease renewal question

Thomas MeyerPosted
  • Rental Property Investor
  • Simi Valley, CA
  • Posts 53
  • Votes 42

That makes sense to me but just getting conflicting info. I appreciate the information.