All Forum Posts by: Judy C.

Actually, Texas is ranked 43rd in the nation in home ownership!  I got my numbers mixed up!!

Good luck with your real estate plan!  Abilene is a great place to invest.  I do manage some properties near ACU & HSU and I would highly recommend that area.  I tend to invest more in South Abilene and many in Wylie ISD but have seen investments produce good cash flow all over Abilene.  I think the immediate area is very critical.  You can go from nice homes to very poorly maintained homes in a few blocks!

With the population in Texas predicted to double by the year 2050, it is a good place to invest.  We are lucky to be in an expanding but stable environment in Abilene.  Also, Texas trails in home ownership-currently ranked #36 in the nation.  We have a strong need for nice rentals.

BP is a great source of info.  I am not sure why I haven't explored all of this sooner!

Hi Desi,

     That sounds like a good plan.  At some point, I am sure that I will want to slow down and convert to notes.  At this time, I have a good management team that makes it all work.  I am looking forward to learning more about notes in the future.

  I can see how BP can be fantastic to connect with others with similar interests!  I will check out your Pro Profile.

Hello,

     Just wanted to say hello!   I recently joined the community.  I am looking forward to connecting with fellow real estate investors and those aspiring to invest!

     To those of you who are just getting started, I would like to say that sometimes it seems overwhelming when you are considering buying that first deal, but once it gets rolling it will be second nature!  Before you know it, you will build a portfolio of investments that will allow you to have the financial freedom that you would never have obtained otherwise!

     To those of you who are seasoned investors, I am looking forward to networking with you to see how our experience can benefit each other!  This is a challenging, yet rewarding business and it always helps to have support!

    Happy investing!

In Texas, you can give a gift of merchandise up to $50 in value but cannot give cash, gift cards, rent bonuses or discounts. 

The seller that finances it would not pay gain twice.  They could only pay capital gains on any amount over their cost basis.  Interest received is taxed also.  If they foreclosed on the property and resold it, they may end up making more and pay more capital gains or they may make less.  That would be determined after deducting expenses.

The advantage of seller financed installment sale is that the tax on the capital gains can be spread out of the life of the installment sale.  It could also keep you from going into a higher tax bracket if you made a big profit on a sale by spreading it over multiple years.

Hi Fellow Abilenians!

     I am actively involved in the Abilene, Texas Rental & Sales Market in every way.  I have a passion for real estate and am lucky to get to do this for a living.  I own Augusta, REALTORS and also invest in real estate.  I really enjoy multifamily investing.  The Abilene area is a great place to invest!

     I agree that it is better to stay away from the flood zones if at all possible.  It is really just about analyzing deals every day in the same way over and over.  You will get familiar with the number and when the right one comes along, you will know it!  Success happens when preparation meets opportunity!!

On an installment sale, the seller categorizes each payment received into interest, original investment recouped and capital gain and pays tax accordingly based on funds received each year.  There would also be recaptured depreciation due the year of the sale even though the proceeds may be received over several years.