All Forum Posts by: Filak Thomas

I have a little house under contract for $ 155k

I bought last year, fixed it and decided to sell

After sell I will need to buy something else in order to avoid paying tax

Also I have a condo and hard money loan

I paid for it $100k and $150 hard money

Can I pay off my hard money loan with house money and avoid paying capital gain tax ?????

I know if you sell property ( you don’t own longer than 2 years) and buy house which is more expensive you don’t need to pay

How about my situation ???

Prices are out of control. Single family houses and multi in Miami area are too high. It will go down at some point

@Robert G. Amen

You can buy bungalow on the south side of Chicago where you have more than hundred shootings and few murders a week

@Malia Irvine put yourself on the other side . Would you borrow big amount of money to someone who doesn’t have any savings ???

I am looking for condo in Miami Beach . I noticed that priced has been not moving since 2014-2015. My friend said it’s a buyer market in south beach now comparing to rest of south Florida ( seller market ) Any thoughts ?