All Forum Posts by: Daniel Cardona

Sounds too good to be true in my opinion. Is it an auction home? Foundation issues? I'm wondering if it would probably need more repairs than $45k given the spread between purchase price and ARV.

On another note, there are lots of investors out there with cash.  If the deal is as good as mentioned, I'm sure there will be cash buyers willing to pay that or more with a quick close.

[email protected]

Investment property for sale in Atlanta, GA located at 1010 Eden Ave SE. Hard to find 2-car garage. We have engineer approved plans to make the house a 4 bedroom 3.5 baths with open concept.

$500k+ ARV

Needs $100k

Would like DD to be done before going under contract, $5k EM.  Contact me for access.

[email protected]

1225 Hill Rd Winnetka - $640k 

Currently gutted, have approved plans for reno to begin

Existing header and wall framing at bay window is improperly supported and is rotting

Electric, Plumbing & HVAC will have to be upgraded to current code

Needs new water meter

Full renovation

$150k+ reno

Photos - Link to Photos

Contact me for access info or more details

[email protected]

3 bed, 2.5 baths, 3167 sqft - all above ground

Basement w/ drop ceilings 1500 sqft finished and 792 unfinished with 2 bedrooms and 1 full bath

Private gate

2-car garage with upstairs room

Estimated repairs - $75-$100k

Needs full kitchen and cosmetic repairs throughout

Make me your best offer

Link to photos - https://drive.google.com/open?id=1uI5OeEoMXfbTJ7vn...

[email protected]

What depreciation? Let's say I buy and sell the same house with the same example in 6 months time.

What taxes do i owe?

I would pay tax on the gain right away that same year or as I collect?  I have had mixed feedback from a few CPAs.  Some say I would be responsible on paying tax on the $40k even though I have not received it.

Example: All in costs on a house $60k, sell for $100k (10k down and $90k seller financed @ 10% for 30 years).  I would like to know what taxes are owed and if they are immediate or paid as the monthly payments come in?

Do I have to pay capital gains tax on the $40k even though I have not received it?

Properties For Sale in GA as of 10/18 - Only few days remain before going up on Hubzu.

Please contact @Andy Wu for access information and any other questions.
Andy - 678.308.7722

Another property:

1560 Versailles Dr SW Atlanta GA
List Price - $108,000
ARV - $150,000
3BD 2BA 1876 sqft built in 1992