All Forum Posts by: Greg Kendall

Understood and thanks @Andrew Reyes .  I certainly will review with my accountant before making any decisions.  When I bought the property, I had every intention of holding it for quite awhile but with the market where it is at the moment you can't help but look at selling as an option.

Sorry, one more follow-up question.   The capital gain is calculated based on your purchase price and then your sale price regardless on what you owe on the property - correct?  

Thank you @Jon Holdman & @Basit Siddiqi

I purchased my 2 family property in March of 2017 and spent the following few months doing renovations, upgrades etc.  It wasn't until rented until Mid-August 2017.  My question is if I chose to sell the property today, will I be past the 1-year mark to be considered a long-term capital gain or is it based on when the property was put in "service" as my Tax form 4562 calls it aka rented out?

Thanks in advance!

I wanted to pose a hypothetical question to the great folks of BP. Your goal is to get to $7500/month in cash flow and you have $120k in capital to invest to get started. Where do you invest, why do you invest in that location, what do you invest in? How long until you reach your goal?

Cheers @Account Closed!  

Hi all,

Great content here on BP and I'm excited to be joining the community.  I've been in the tech startup scene in Boston for the past decade or so and I'm just starting to invest in real estate. I'm interested in rental properties in MA/NH area and I'll be closing on my first 2 unit multi-family north of the city in the next month or so.  

Cheers,

Greg