All Forum Posts by: Christopher Cousin

@Sernel Joseph Welcome to the BP Community.  I'm a Houston area investor as well that is fairly new to investing but has some experience in house hacking.  Let me know if I can be of any assistance.

@Gloria GutierrezWelcome to the BP community.  I'm a Houston area investor also that looking to network with others in the area.  I'll send you a colleague request.

@Travis Page Welcome to the BP community.  There is a wealth of information and resources on BP.  Thus far, my limited real estate investing experience has involved house hacking my first home.  It's a strategy that I would recommend for new investors that are interested in buy and hold investing.

@Shawn Ab Welcome to BP.  I have similar investing goals and am in the Houston market as well.  We may be able to bounce some ideas off of each other. 

Great Investment Opportunity in the NE Jackson area.  The property is a 3/2 on a corner lot. No repairs necessary.  This would be great for a buy and hold investor and could easily fetch $1050/month given the location. 

Please message me for more details on this property.

@Brianna H. The tax implications of the buy and hold strategy ultimately depend on how you own the property.  The tax treatment is different if you own the property yourself vs. if it's owned through a C-Corporation.

As for the sell side, if you never lived on the property, you could potentially look into a 1031 exchange, which would enable you to defer taxes on the profit to a future period. However, the rules for these exchanges are strict.

I would advise consulting with a CPA that specializes in taxes in either scenario to achieve the best outcome.

I meant to say that if you only used the property for investment purposes, you could potentially look into a 1031 exchange.

@Daniel R. You asked about the tax treatment of the sell.  Did you ever live in this property? That affects the tax treatment of capital gains involved with the sell.  If you lived only used the property for investment purposes, you can potentially look into doing a 1031 exchange to save on taxes.  The rules on those exchanges are stringent, and in either case I would advise consulting with a CPA that specializes in taxes.

@Javier Renteria Welcome to BP.  It's definitely a good place to get information and connect with like minded individuals.  I'm in a similar position in that I'm fairly new to RE investing, but I have learned some valuable lessons from my previous experience. I wish you the best going forward, and let me know if I can help you in the future.

@Okeoma M. Congrats on your first deal! Your dedication to your chasing your dream is truly an inspiration. 

I wanted to ask, how did you raise the capital for your down payment on the property?