All Forum Posts by: William C.
William C. has started 29 posts and replied 562 times.
Post: Incentives to Encourage Tenants to Pay On Time?

- Real Estate Agent
- Souderton, PA
- Posts 591
- Votes 414
Post: Listing Agents getting in the way of GOOD DEALS!

- Real Estate Agent
- Souderton, PA
- Posts 591
- Votes 414
Post: Too Long from first point of Contact until Lease Signing?

- Real Estate Agent
- Souderton, PA
- Posts 591
- Votes 414
Post: Zillow's new "Instant Offer" gets them into the investing game

- Real Estate Agent
- Souderton, PA
- Posts 591
- Votes 414
Post: Advice with business model please? Keep renting or Sell

- Real Estate Agent
- Souderton, PA
- Posts 591
- Votes 414
Post: Multi-Family in Bedford, OH *Newbie Investor*

- Real Estate Agent
- Souderton, PA
- Posts 591
- Votes 414
Post: Multi-Family in Bedford, OH *Newbie Investor*

- Real Estate Agent
- Souderton, PA
- Posts 591
- Votes 414
@Michael Swan I have seen a few of your posts and your success really caught my attention. It appears as though you have been cashing in equity from appreciating condos and 1031 exchanged them into apartment complexes. All of this I understand. What I can't seem to put my finger on which I've seen you post about, and then is also stated in your profile....how is the cash flow you receive from apartment buildings tax deferred?
"They cash flow at approximately $120,000 per year. That is tax deferred"
Am I reading that correctly? The government doesn't tax your rental income because it was the result of a 1031 exchange? It has always been my understanding that the proceeds from the original sale were tax deferred. For example you buy for $100k, and sell for $250k, normally you would pay taxes on the $150k capital gain, but not if you roll that into another purchase. Are you saying that not only is that $150k tax deferred, buy any rental income collected from that new purchase moving forward is also NOT taxed by uncle sam? Sign me up, that is truly an amazing revelation about how 1031 exchanges work.
Post: Advice with business model please? Keep renting or Sell

- Real Estate Agent
- Souderton, PA
- Posts 591
- Votes 414
Post: Zillow's new "Instant Offer" gets them into the investing game

- Real Estate Agent
- Souderton, PA
- Posts 591
- Votes 414
Post: Paying mortgage monthly or bi-weekly?

- Real Estate Agent
- Souderton, PA
- Posts 591
- Votes 414
@Jeff B.yes of course, for fixed loans only. OP mentioned a 30 year loan, which had me assuming residential fixed loan all along.