All Forum Posts by: Jack Yvars

Hi, I am trying to evaluate the potential tenant to agree into a lease to own contract. I am wondering if there are any legal issues with asking them for their finances pay stubs savings etc. or am I allowed to have them send that to an email address that is mine? How do people who have experience in this usually go about doing this? Just wanna make sure I’m not making a legal mistake

@Christopher Hunter

I’m comparing this to flipping the house instead of renting it.. if I flipped it the net after taxes etc profit would be in the 60-80k range.. so I’m trying to evaluate if $1,400 net income from a home would beat that out because my market where I live is also topped out from most of what I hear

Hi I am trying to find out whether I should sell or rent a single family I own.. I would have to pay STCG if I sell it this year or I could rent it with a net income of $1,400 a month.. is that typically considered a good or bad margin having an outstanding mortgage of 196k?

Thank you

Is the Cap Rate the typical/best method to evaluate ROI for an income property? If so what's a good range to be in and also does it make a difference if you're renting a primary residence with less than 20% down?

@Lien Vuong I can 1031 exchange it after owning it for a year non owner occupied right? I couldn’t buy it as a primary residence sell it one month later and take all those proceeds and dump it into a rental? Or could I?

@Greg Dickerson what is the time period that I can refinance a home? I literally just purchased it, and does a refinance make that money that’s taken out of the home taxable? It is a very large short term capital gain at the moment

Hi is there anyway that I could flip a primary residence and take the gains and defer them into another property? I believe I had to have owned it for two years which I have not and I’m not totally sure what to do besides pay short term capital gains.. there is another property that I could put it into I just don’t think I’m eligible.. help is appreciated

Gotcha so it sounds like this would be too small of a property for management company’s time and too expensive for me to find it worth while

Hi I am looking at purchasing a potential 6 unit property with 10 storage units about and hour away from me. I don’t wanna be up there all the time and am wondering what the cost for a property manager usually is and also where to find one?