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All Forum Posts by: Domingo Cano

Domingo Cano has started 9 posts and replied 31 times.

Post: Is 75-80% ARV still a good % in Phoenix? at this current market?

Domingo CanoPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 53
  • Votes 12

Hello Family, 

I'm currently looking at a few deals in in phoenix Arizona and most of my calculations ARV and repair s are some good numbers to make an offer at 75-80% after repair value. I was just wondering if local investors can help me out or see what % they are using? so hard to get something under contract at 70% ARV

Post: Is Alabama and Florida good investment ?

Domingo CanoPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 53
  • Votes 12

Hello Everyone

I been listening and learning from the podcasts and i want to buy a couple of rentals this year. I live in AZ my market is not an option for me. I been searching and looking in Alabama and Florida and would like to hear your opinions in these markets. Also Indianapolis and Omaha Nebraska.

I did sold my home in AZ and will use that tax free capital to do down payments or BRRRR

Thanks in Advance.

Post: Capital gain question

Domingo CanoPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 53
  • Votes 12

@Basit Siddiqi

Thank you and never heard of that and i do need a CPA but someone in town phoenix.

Post: Capital gain question

Domingo CanoPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 53
  • Votes 12

@Alexander Szikla

Thank you for your help 👍

Post: Capital gain question

Domingo CanoPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 53
  • Votes 12

@Arlan Potter

I did not because i just thought December wasnt gonna be a big deal. But this year i will do that. Did i make the right move?

Post: Capital gain question

Domingo CanoPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 53
  • Votes 12

@Dave Foster

Thanks and im only selling one home it will not exceed the 250k and i am marry so yeah works both ways right . Thanks

Post: Capital gain question

Domingo CanoPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 53
  • Votes 12

@Alex Olson its my first time selling so im hearing alot of getting a CPA for this so thats what im gonna do thanks

Post: Capital gain question

Domingo CanoPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 53
  • Votes 12

@Scott Wolf

Beautiful answer thank you

Post: Capital gain question

Domingo CanoPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 53
  • Votes 12

Hi guys i have a question for everyone and hopefully someone can help me out about me selling my home. I bought the home in February of 2017 and i rented it out in November of 2019. My tenants are moving out this end of the month and i am selling my home. The question is am i good on keeping all of the capital gains or do i need to prepare for a 1031 exchange? I live in the house for almost 3 years and rented it for a year. Thanks in advance

Post: Need help getting hard money loan

Domingo CanoPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 53
  • Votes 12

@Samuel Liapis

I think i got it now thanks guys for the tips and help