Good name and proper pronunciation 😉

Blasphemy!

Congrats Michael!!!

Owe ~$700k of taxes and have to come out of pocket to pay it. 😬

No bueno.

123 main st LLC buys 123 main st in 2017 for $3m w/ $2m of debt.

Sells in 2021 for $5m.

Exchanges into 123 broadway for $9m w $6m of debt.

Has to sell 123 broadway in 2024 and market is willing to pay $6m.

~$0 cash from sale, but tax basis is ~$3m (maybe lower with sweet depreciation)?

Unfortunate reality of LLC naming convention, the 1031 like-kind exchange and 2021 apt pricing mania - transparent evidence of current sellers wiping their equity and still owing a tax bill. 😬

Seen about 5 of these deals recently.

🤣

Brings a whole new meaning to “work from home”!

(From a recent property tour)

Unfathomable heroism!

I wish I had 10% of her courage.

Well, your boy at least has college sports in his genes. My boy’s genes are “study hall” 🤣.

Buffs are legit!

Going to first CU game in about 15 yrs today!

Sold!! 🤣

Does this kind of cold outreach work?