All Forum Posts by: Yeng Hawj

HI fellow BP members, I'm looking for recommendations for a trustworthy and experienced home inspector in the Sacramento/Elk Grove area.  Thank in advance.

Hi Brian, I'm interested in cashflow, buy and hold, brrrr. I'm open to SFR but mainly in MF. I would love to have the properties locally but will not hesitate with out of town and even out of state investments.

Hello Sacramento BP members!  I'm hoping you guys can help me by recommending a great CPA, in the Sacramento and Elk Grove area, who is an investor him/herself or understands more about the investing side of RE.  .  Thanks in advance.  

I could just keep things simple and just let the transaction go through, have them pay the taxes and split the rest but the tax portion is just too great to not have it reinvested.  You're correct on your math with their net of around $70k.  If I take on their taxes and pay that to them, it might sweeten the deal for them, but I'm now on the hook to pay that later.  How soon after an exchange can I refinance, and how much can I refinance out?

I've been wanting to do a refi on my primary as well but keep hesitating because I don't know which route to take.  I thought about using 'Cash Call' because one of my coworkers used them without any issues.  I'll be interested to see what others have to say.

I'm both on the loan and the title, no one else.

It's going to be around the 200k mark for cap gains; purchase price was 220k, balance on loan is 160k, listing for around 425k and expecting a little over that,

I'm getting ready to sell a SFR, there's about $200k of equity in it. This property was bought as a rental and financed under my name but realistically owned by my sister and brother-in-law. They did the same for us previously so I was returning the favor. Unfortunately they're splitting up and now selling the house; it'll be on the market soon. Once the house sells, any gains will get split to them minus any capital gain taxes that I will have to pay for. With cap gain taxes being estimated around 30% ish, that's about $60k in taxes!!! Instead, I was thinking maybe I can use this opportunity for myself to do a 1031 exchange into a multifamily property investment, and figure out another way to pay off my sister and BIL (possibly gather cash from other family investors). To convince them of this method, I would have to make the deal sweet for them as well. Would it be a good idea if I took on the taxes myself? Any creative ideas any of you may have to take advantage of this situation? Thank you all in advance.

@Tyler Delbert  Great, time to go and make some extra money.

@Bob B. Thanks for the tip, I'll make sure of that.

@Andrew Postell, ok cool, there's no prepayment penalty.