All Forum Posts by: Cindy Gregg

Hi everyone! We have a 2 bed/1 bath, 874 square foot house in central Springfield for sale. We've renovated it from top to bottom and have been using it as a highly desired mid-term rental for the past year. It has a new roof, front deck, HVAC/AC, Pella windows, flooring throughout, hot water heater, refrigerator, doors, keyless entry locks, dishwasher, faucet, and so much more. Huge master bedroom, bunk beds in 2nd bedroom with another pullout and mattress underneath. The living room couch also folds out into a bed. Beautiful, huge tree in the front yard and squirrels in the backyard. Comes fully furnished with everything you see in the pictures, including maximum size washer and dryer, as well as all other appliances. Perfect for an MTR, STR, or full-time living. Asking $199,000. Seller financing available. Let me know if you're interested!

Hi. My husband and I bought a property in Missouri last year, fixed it up, and are renting it out as an MTR. We are now considering selling it. My question is: how is capital gains tax figured? We would like to decrease the amount we owe because we aren't going to do a 1031 exchange. Our mortgage is $95,000, and our renovation costs are spread over several different 0% interest credit cards. If we wrap those up into a $200,000 mortgage (which is what our realtor said it could now appraise for) before we sell it, would that decrease the amount of capital gains tax we owe at tax time? Any help or advice from those who have gone before would be greatly appreciated. Thank you!

Hi everyone! My husband and I are looking to connect with and get advice from other investors in the Springfield, MO, area. We are about to close on our first investment property there, an STR, and just found out about all the permit rules and regulations specific to the city of Springfield. It's a lot. We'd like some guidance from those who have gone before.

Thanks!

Cindy Gregg