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Search resuls for: "Guido Nunez"


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Guido Nunez almost quit real-estate investing after facing several problems in one of his buildings. Nunez said having cash reserves and a Rolodex of contacts can help landlords overcome problems. Being a landlord for multiple multifamily properties, Guido Nunez has had to deal with his fair share of problems. One building in particular was a nightmare, Nunez says, and almost caused him to quit real-estate investing altogether. Finally, Nunez said to try to learn more about particular problems you face, even if you can't fix it yourself.
Persons: Guido Nunez, Nunez, he's
To scale up, he's used the BRRRR method and 1031 exchanges. One example of how Nunez has used the BRRRR method involves a property in Long Beach, California that he bought in 2015. For the 1031 exchange approach, Nunez did the same thing: he fixed up properties, forcing appreciation in them. To allow him keep all of the value he'd built up and not get taxed on it, Nunez used a 1031 exchange and bought other properties. When he believes he's maxed out a properties appreciation, he uses a 1031 exchange as opposed to a cash-out refinance.
Persons: Guido Nunez, he's, Guido Nunez's, Guido wasn't, He's, It's, Nunez, Dave Wieland — Organizations: Capital Locations: Long Beach , California
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