All Forum Posts by: Tyler R.

Thanks for the response! 

1031 would be ideal. But this sales transaction took place a few years ago. Doesn't the 1031 exchange opportunity expire? 

Do you have a positive solution for the below situation? 

Someone is wanting to pay off a commercial building early that I financed, because they are selling the building. This person is willing to work with me to come to a solution so that I do not have to pay that huge capital gains tax at one time.

The only two solutions I know of are:

1. Substitution of Collateral – using a different building for collateral for the original loan; it will cost me about $1,000 in legal fees, etc.
   1. Continued interest (currently $1,000+/mo.)
   2. Paying less capital gains tax at once but extending over several more years
   3. It will cost about $1,000 to change
   4. Possibility of foreclosure
2. Receiving the payoff – with the increase in value and depreciation for tax purposes over the years, the capital gains are large, so the tax will be large
   1. Cash in hand
   2. I do not have to worry about foreclosure on that building (6 ½ years of paying on time, so not much worry)
   3. I can invest in rental property that I would rather own (easier to manage, better location)
   4. The building is very old and expensive to maintain, so I do not want it back
   5. The capital gains tax bill for 2022 will be large

Mr. Sullivan, 

Thanks for replying.

They are all retail property.

Hey BiggerPockets, 

I have a question regarding promoting commercial properties. Is it strategic to create your own website and have ALL of your properties listed on the website. I can see many pros to this method. (Easier site management, easier for the potential tenant to compare your different properties, etc)

But I am wondering if there would be a reason NOT to publicize ALL of your properties on the same site? (Strategy, privacy, etc.) And have separate websites for separate properties.

I am basically looking for confirmation that these "separate postings" are completely illogical and inefficient. There is this weird thought in the back of my head that I need to ask experienced people first for some odd reason. 

Mark, 

I'm located in the Cherrydale district and am excited about setting up a team as well. I wish I had seen your post earlier; this morning I went to a foreclosure auction at the Greenville County Courthouse and would have invited you in advance. 

Good luck to you and your mobile home park. I was seriously considering that niche a few months ago. 

Message me know if you would like to meet up.

-Tyler

Hello to everyone,

I am living in G'ville, SC and am extremely excited about real estate properties in this area. I graduated college last year in Int'l Business. My wife and I will be married a year in May and we have a 3 week-old son. I'm loving life right now. 

I am interested in getting rental properties established for long-term cash flow and maybe whole-selling here and there after I gain some experience and increase my knowledge. 

There is no expertise coming from this investor. But my passion and enthusiastic learning are not at a minimum. I look forward to connecting and learning from you all. 

Best, 

Tyler