All Forum Posts by: Dan O'Neill

@Trevor Mitchell

Hello and welcome.  I live in Traverse City, or very close rather, in Lake Ann.  I wouldn't call myself too experienced, but I'd grab a drink with you in TC to talk.

Hello,

I am working on selling a rental.  We refinanced the property at one point to get a lower rate.  Are closing costs/fees from both mortgages to be taken into account when figuring what capital gains we could owe?

@Tom S.

You're right, Tom.  Every time we've turned that place over, we've been overflowing with people who wanted it.  If we still lived in Vermont we'd keep it, but I'd rather have something near me that I can manage myself.

@Tom S.

It's in Winooski

Brandon,

Thanks.  The podcast is actually how I found out about the site.  I've been binge listening for the past couple weeks during my drives.  I will definitely read the case study.  

Hi,

My wife and I got into real estate investing sort of by accident.  We were moving from Vermont back to Michigan for work and family and were unable to sell our condo.  After me staying behind for 3 months, we decided to just rent it out.  Well, it's been rented continuously for 5 years now with minimal issues!

Now we are looking to sell it and buy a multi-family closer to home, near Traverse City, MI.

We both have good full-time jobs and like where we live.  We'd like to use investing as a way to ensure we can stay here and don't have to chase the next good paying job to another region or state.  To meet that end, we've set a goal of having enough rental income in 5 years time to match half my wife's salary.