All Forum Posts by: Patrick GRibbin

thank you Natalie for the info. I appreciate the help on this subject.

Awesome let me get in contact with him then. thanks for the help

Just trying to figure out where unrealized losses play into capital gains when an investment property is sold. My wife and I have been over the $150k limit the last few years and have not been able to claim any losses from our investment properties. I did sell one home and have two more owned through an LLC with other partners. If anyone can hep me out please let me know. I have been able to find everything under the sun how to figure out what I will owe on capital gains but nothing on how or where the losses come into play.

Valerie, I have a rental in Lawrenceville and have used OMYRA Inc for many years. Their rates are pretty standard for the area. They do an awesome job finding new and quality tenants when the time comes. Very knowledgeable with the Atlanta area. Send me a PM and I can get you the direct contact info if you would like.

@Mike Dymski What kind of properties do you have here in Greenville? We have only purchased single family homes. One in Taylors and one in Simsonville.

@Jim Adrian thanks for the advice. That was about the percentage I used.

My partners and I are purchasing a second single family home as a rental. After getting involved with BiggerPockets I realize how important running the numbers is. I am running my numbers but not sure what to use as vacancy on a single family home, especially in Greenville, SC. Any help would be awesome!

Antoine Martel I currently have property in Greenville and one in Atlanta. What about yourself? Where are your properties located?

Hello to everyone in the BiggerPockets nation. Just realized I have been a member for a few months now but have not put my new member intro out yet. My name is Patrick Gribbin and my wife and I live in Greenville, Sc. We purchased our first single family rental last year and are in the process of finding and purchasing our second right now. I do want to say thanks to @Scott Trench for writing Set for Life. I am finishing it now and has really lit a fire up inside of me for building a sustainable business and be financially free in life.

Andrew Junquet we came across the same situation last year. We went ahead and purchased the property then did a quick claim deed of the property to the LLC. Whoever is your closing attorney should be able to help with this process.

Thanks Kim Meredith Hampton Nicole W. for the help. I will definitely dive in more to the forum posts and such. Let me ask another question. If we were to transition from single family to multi family would it be a good decision to continue using that same management company or try and find another that specifically works on multi family units?