All Forum Posts by: Ramon Martinez

So I have a double wide on an .5 acre lot. I bought back then for 60k. Similar comps have been from 130-180k. Property needs some updates and work done, probably around 20-25k. My question is should I try and rehab myself and try to sell around comp price’s or sell as is to someone else? About how much percentage is capital gains? I am new and have never sold or flipped a house. Any thoughts?

Any recommendations on a investing tax specialist in San Antonio?

@Rachel H. I don’t live in the mobile home. It used to be rented out before but I was nice and trying to be helpful to the tenant and at the end they left and trashed the place without warning. My question is really if I sell will I get taxed for capital gains on it. I know it’s a mobile home and they don’t appreciate like a regular house but the area it’s in makes worth more. It sits on half an acre so the actual land helps. I know I can easily get what I paid for it but with the right renovations and a bit more I can double what I paid for.

@Ed Emmons It’s in a great area of San Antonio, I have seen similar homes go for over $100k in the area. It’s well kept just needs some updating. Sits on half acre and not in a mobile home park. It’s mixed with some very nice homes that are worth $300 to $500k. I used to rent it but I did all the wrong mistakes a landlord can make. I tried to be nice to the tenant and in the end it backfired. My question is do I try to take advantage of the booming area and sell or rent?

Hello all, so I am trying to get into real estate investing but not sure how to start. I currently have a mobile home that will be paid off in a few months. I am thinking of renovating and selling. Question is should I keep and rent or should I sell? If I sell I plan on getting out of debt and reinvest whatever is left? Also if I sell will I get hit for capital gains? Any recommendations ?

I am new to everything but I have been doing my research. I have a home that will be paid off in a year, I do not live there. Used to rent it out but my tenant trashed the place. My dilemma is to fix it up and sell it or to rent it out again. Any recommendations?