All Forum Posts by: Tab B.

Hello. To make a long story short. I sold a house#1 in November 2019 I owned the house for 15 months. After renovations I sold the house#1 for 100k in profit. In September 2019 I bought a house #2 that i want to keep and live in ( wanted to sell house#1 first but the buyer couldn’t get a mortgage and the process took until November). Now Im in the process of buying house#3 investment property that i want to flip which has the closing date for February 2020. Now the question is how do i avoid paying taxes (because i owned house#1 for less the 2 years and I bought a house#2 before i sold house#1) on the house#1 that i made 100k on? Is there a way? Thank you for any answers.

If there is a finished basement in the house. Could i rent it out from day 1?

You are an idiot! Sorry im trying to remain professional at all times but... You are an idiot! I know some people that will get your money back and a lot more for the "inconvenience". And he jaw will be broken for real.

Hello im planing on buying a house (150k) with 5% down as my primary residence. Do a little update and then rent it out. My question is after how many years i can rent the property out? 2 years? Thank you all for any answers.

I started saving 2 years ago. Im cooking at home with less then $50 a week. Not going out for last 2 years (fml). Didnt buy any clothes for last 2 years. Basicly life is really boring. But saved almost 30k and im really proud of myself. :) Saving for my first income property. Goodluck ;)

hey. first of all thank you for your time and any kind of answers. really appreciated. 

So. I want to buy a Condo (60k) as my first flip and have a simple questions. (I have around 15k savings and My Uncle said that he can lend me up to 30k but i would have to show him a finished ready to sell product).

--so can i buy with 3% down with closing cost included in mortgage? after i fix it up (with my savings) and get it ready to sell. then can i use my uncles money to pay of more then 20% to make it a investment property?? and this way i can i sell it at any time i want without having to "live" there for 2 years before i can sell it?

Thank you again for any help.

thank you for all the answers!

ok so i cant sell my house after a year after i do renovations? im not an investor i just want to sell the house. why i cant sell it after a year. also 5% down is fine.

hello. im planning to buy my first property to flip. i will be doing the work myself (10 years construction experience) but dont own the company. i was planning on using fha203k to buy the house for 100k and 30-50k toward renovation. my question is how soon can i sell after im done with renovation? im planning on putting 5% down. thank you for any answers. it will be in central new jersey.

thank you!!!!!