All Forum Posts by: Michael Cabaña

Hi @WayneBrooks

The home is not his primary residence. My siblings are currently living in the house. 

What do you mean by there are no 40% long term capital gains taxes? 

Thanks for your response 

Thanks Houston.

Good morning BP!

My wife and I would like to purchase my uncle's house in San Jose, CA. Is there a way we can purchase the house and he avoid paying the 40% capital gains tax? I would love to read some of your experiences and ideas. 

Thank you.

Hey Mike,

Both of my grandparents have passed and my uncle has been the owner since 2015.

Hi BP,

My uncle wants to sell my grandparents' home in San Jose, CA. Is there a way I can purchase it from him and avoid the 40% capital gains tax? Someone mentioned possibly using a private loan to pay him and he "gift" it to me? Any information is helpful. 

Thank you.

@Kerry Noble Jr thanks Kerry. What areas in Indiana do you recommend to check out?

@AJ H. Thanks AJ. I’m in no need of the cashflow. My plan is to reinvest.

@Ricardo Navarro I appreciate your reply, Ricardo! I will definitely check out James’s article. Would you be willing to connect and talk about your process? I’m brand new to this and would like to learn as much as possible. Thanks again.

@AJ H. Thanks for your reply! My goal is to invest in a small multifamily that returns $150-200/door cashflow and in a appreciating area. At least 10% COCROI. I've been analyzing duplexes in Cleveland, but would like to know if there are any other areas that would meet my criteria. This will be my first rental. I'm brand new to REI, so any advice is greatly appreciated.

I would like to invest $40k in rentals. Do you have any recommendations on markets to look into?

Appreciate the feedback!