CW 734 - Client Case Study with Brian, Refi or 2 for 1 on Highly Appreciated Properties to Buy in Linear Markets
Jason\u2019s guest, Brian is a client and a longtime Creating Wealth Podcast listener. Brian describes his early days of real estate investing when Sara initially walked him through the buying process. The properties he purchased in Atlanta and Memphis have now matured and Brian is faced with making a decision. Should he refi-til-ya-die or to do a 1031 exchange and get 2 for 1 on his highly appreciated properties. Jason shares his insights on best business practices, how to use an IRA as a tax savings vehicle and recommends some \u201cmust read\u201d books on real estate investing.
\xa0
Key Takeaways:
[1:31] The Wells Fargo contract claw back.
[3:26] \u201cMake Six Figures\u201d Bloomberg article tells a scary tale from the content portal.
Case Study with Brian:[8:27] Brian read Rich Dad, Poor Dad in high school which led him to the Creating Wealth podcast.
[9:49] Brian was pleased with the support he received from Sara and the Local Market Specialists.
[12:44] Is refi-til-ya-die always the best option or does the 2 for 1 plan make better financial sense on highly appreciated properties?
[16:25] The 2 for 1 exchange gives the owner all of the equity to reinvest. The refi-til-ya-die option is limited to the cash-out loan to value ratio.
[17:40] A refi may be a simpler option and offers a locked-in lower interest rate.
[20:08] Brian shares his real estate investor stories on his website Rental Mindset.
[21:29] When buying real estate inside of an IRA you get a tax efficient vehicle inside of another tax efficient vehicle.
[22:11] Read Garrett Sutton\u2019s Loopholes of Real Estate.
[23:29] Rationalizing buying a property sight unseen.
Mentioned in This Episode: