All Forum Posts by: Jesse Scroggins

Mobile App ! It would be great if you could at least look at your rental/flip analysis. I mean even better would being able to analyze a deal from the mobile app. Pulling them up on the go would be nice though.

With phones today I'm taking pictures of houses, emailing to myself, then going to the laptop to run the numbers and add the photo. Then downloading the analyses, emailing to myself or to partners.

also really agree with @Jim Adrian request !!!

@Logan Graham

You'll hear a lot of people recommend minimum 100.00 per month cash flow. However this really depends on your goal, strategy and area.

Are the property tax numbers accurate ?? Seems extremely high, but then again I'm in Oklahoma. But $287 is my yearly payment on a house of that same value.   

@Jeff Filali

@Stephen Mamula

I’m in as well. I may have a couple other guys that would be interested. Been looking into multi family for a while now; commercial property is also interesting. 

@Zack Lee

@Logan Fast

What ended up happening ?

Was AirBnb helpful? What did they recommend ?

@Nicholas Aiola @Dave Foster

Thank you both ! Great information on the capitalized improvements.

Certainly agree the 1031 wouldn't be warranted with the small gain. But its nice to know if the contract for deed didn't work i would have that option.

@Nicholas Aiola

Thank you for doing this !!!

I'm in a contact for deed with a local investor for a quadplex. Original purchase price was 67,000. I owe 37,000 on the properties.

I am trying to sale these properties for 70k. My concern is my capital gains tax. I would assume 3,000. However will the IRS accept my contract for deed showing purchase price of 67,000?

If they do not accept the contract for deed any suggestions as to not be hit with a 33k tax bill?? I don't think a 1031 would work as if I did buy additional properties it would be SFH not another Quad.

Can you speak on capital gains tax when you've purchased through owner finance and now selling your property.

Example would be purchase price of 100k still owe 80k and selling for 90k. What would your capital gains tax be?

In other words would your owner finance documentation/contract be proof of your original purchase price for the IRS ?

The market is strong, but depends on what class properties your wanting.

If either of you are looking to purchase C class let me know. I'll be listing my pair of duplexes within the month.

@Jared Lillard

@David Green