All Forum Posts by: Ishmael Carter

Warren, you have out together an amazing team.   What better way  to spend quality time with the kids while accomplishing your real estate goals.   Congrats!

This is huge for motivation!  Well done!!  I am hopefully closing on my 3rd flips next week and I can relate to the cussing plus praying and cussing... and was ready to give up. I take courage in knowing that a project can go up, down, sideways or stagnant.  I made a loss on all three deals because of rookie mistakes. You piece helps me to dust myself off and get back in the game.  Thanks. 

Dave, that was very helpful. Thank you. I'll look to follow up offline. 

I have a 1031 Exchange related question . Is the capital gains calculated on the gross income (difference between purchase price and selling price) or are you allow to deduct some expenses such as rehab cost, etc. 

I have a property in contract and I am looking for a 1031 Intermediary in this area.  Any suggestions?

  I am in NYC. I am aggressively looking for my replacement properties. Can you used more that one property to arrive at the replacement value?

It works great. I used it for a short period before I was able to get a renter in the property.   Unfortunately I am still paying a reduced monthly rate.  You have to go with a 12 month plan or an expensive outlay.  Hope this helps.  

Nicholas, very well articulated. I will look to follow your lead. I recently completed a rehab and I am still waiting for a buyer. My agent is suggesting that the holiday season to a negative factor. I am considering dropping the price, then I will move to renting as an exit strategy. 

I actually like frontpoint.  After some reviews I decided to go with them.  

Thanks Steven. I will check them out. 

I am completing a rehab project in NC and I looking for a home security company to monitor during the marketing to close. Most are offering a 3 year contract. There is not internet in the house, so the system has to be cellular with remote monitoring. Do you know of any short-term or system that is portable if new owner does not want to assume a contract.