All Forum Posts by: Krista Walker

What are the taxes? And estimated rent? Does your company provide prop mgt?

@Jay Hinrichs Would they need to inform me if they owned the property I'm buying? Thanks for the info

I'm under contract with Holton-Wise...will let you know how it goes...

I'm under contract with Holton-Wise. My understanding is they aren't a turnkey company but do sell turnkey properties. I worked with a realtor, Nicholas Varner. He set me up with a portal and sent general properties to me everyday. Nothing specific to me or my goals. I'll let you know how it goes

I'm under contract with Holton-Wise...it's my first rental property. I'll let you know how it goes:)

Hi all-

I purchased a condominium in Scottsdale, AZ almost 4 years ago for $65,000 with my mother's estate money. My brother has lived in it rent-free for that time. We put it in my name because he had a collection agency after him for a hospital bill. I am now selling the condo to him for $130,000 and am gifting him the equity for the down payment of $26,000 and giving him half of what is left over minus what I have to pay in capital gains. Will I have to pay capital gains on the gift equity? My broker says to seek the advice of a CPA but it's hard to find one knowledgable about real estate. I'm taking my money and investing in some rentals so I would like to find one. Thanks so much for taking the time to help a newbie:)

@Account Closed I'm curious where you invested in Arizona?

Revisiting this spreadsheet...assuming it's still applicable. Thanks!

My sister-in-law had hers painted professionally and they started chipping within a year. Might not be worth it in the long run. 

Thanks, @Alan Grobmeier . I will make it a priority to get to the meetups. I tried to make one in my area in November but the night didn't work out. Which one do you attend?

@Mindy Jensen  Don't worry! I've listened to the podcast and read enough posts to know that paying the gurus isn't worth it! As I said above, I will get to a meetup!

@Jay Hinrichs -I'm more thinking in terms of investing/buying a rental but not being a realtor

Thanks everyone!