Young Developer, Need Help

Comments(7)

• 
  loandudefromsac14th February, 2006

  your age only limits to how long you have had credit history. did you go out and get any loan at 18? multiple lines of credit, and no lates? Should be hard if so. If not find a partner, here on on craiglist networking, who can co sign with you. good luck, sounds like a great idea

• 
  YasirOmari14th February, 2006

  LOANDUDEFROMSAC,
  
  Need 100% financing on a fourplex purchase contract in hand. In addition, deal has about 75k in standing equity in it!

• 
  loandudefromsac14th February, 2006

  sell them all, and then 1031 them into a larger investment, like a 10 unit apartment ect. Just anything that has a positive cash flow, multi unit..

• 
  bgrossnickle14th February, 2006

  Sell enought to pay cash for #5. Rent #5 for one year. Then move into it for 2 years. Sell as your primary residence and get the money tax free.

• 
  bernel7715th February, 2006

  Thanks.
  
  bgrossnickle, why do you suggest I rent it the first year? Just to hold it some more?
  
  Thanks,
  
  
  
  Quote:
  On 2006-02-14 13:44, bgrossnickle wrote:
  Sell enought to pay cash for #5. Rent #5 for one year. Then move into it for 2 years. Sell as your primary residence and get the money tax free.

• 
  vguess9915th February, 2006

  maybe Brenna was thinking about the fact that you cant 1031 a primary residence.

• 
  bgrossnickle15th February, 2006

  Sorry. Sell your investment properties and put the proceeds into a 1031. Then buy the property that you want to live in with the 1031 money. Rent it for one year. Then move into it and any proceeds from the sale will be tax free. Do a cash out refi if you need the money.