All Forum Posts by: Ryan Agustin

how long owned?

What is your basis?

is the $150,000 the gain above original purchase price or Adjusted basis?

If a gain of $150,000 over adjusted basis, and a long term gain, I think the capital gains rate is 23%  on the actual gain plus your tax rate on the depreciation recapture. 30% may be a good number to estimate. see a CPA.

Michelle L. Dooreuhn Cee

Thanks so much for the replies. When I heard 200 bucks, I had to go back and do some more research. I found truerent online and it's apparently free for 50 units and under, I'm trying it out now. I'll let ya know how it is. Check back for an update.

@Account Closed 

Listsource is a great resource for absentee lists. 

When you pull your list use this criteria,

Under Geography pick city state and then use dropdown to find Boston

Then under Property choose bedrooms 

then  insert 1-3

now pick Last market sales date and change dates to 1900 - 2010

now pick Equity % and choose 30% thru 100%

Now pick Property Type and select SFR

now google Median Sales price for Boston ( or the city you want) and pick Trulia from the results

Now go back to listsource and choose total assessed value and insert 1 to 357000

Now choose options and check on Absentee Owners and check on exclude Trust Owned properties

now go to Purchase list and check on Remove Duplicates and youre done..

@Ryan Agustin 

Welcome to the site! Best of luck to you getting started. 

LA is a big market... any ideas on which areas you want to target for your wholesales/flips. Also how do you plan on generating leads to find motivated sellers?

See you around the forums!

@Ryan Agustin 

Welcome. Time to build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 90 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul

Hi Ryan Agustin welcome to LA! I have similar goals for 2015, and a licensed Realtor. Let's connect and make some deals happen!