All Forum Posts by: Tanner Christensen

I read your latest update from about a week ago. I am really glad to hear it, where did you read this? On the actual bill or a summary? Thanks for the post. @Account Closed

I am wondering if anyone knows how capital gains work state by state. Does Utah follow the same capital gains exemptions status of living in a primary residence, married for two years or more - with a gain of less than $500,000. ? 

Trying to find what tax hit I would take from the state of Utah if I sell my house and make a gain? I am going to purchase other properties with the gain. I know a 1031 exchange will not work since this has not been an investment property. 

Thanks 

What about the state? Have you found out how much Utah will require for capital gains? @Trevor Carver

I am in a similar scenario, but I have lived in my home with my wife for over two years. Trying to figure out what hit I I will take from the state.. 

Thanks

Thank you, I really appreciate your input! @Jay Jasunas

I am not trying to steal the thread, and I wish I had an answer for you @Uzoma Onyeije.. Along his question, I am running into a similar issue where I am trying to invest. What does a good cash flow look like for a beginner on a multifamily (4 units) between $200k-$350k sales price. When I calculate in vacancy,capex, maintenance, and property management - I find about a postive $300-400$ positive cash flow. I am just wondering, is this normal or are these very low cash flow numbers? 

Thanks @Russell Brazil @Jay Jasunas

Thanks for the reply Adam.. I will definitely keep looking aggressively. If you do not mind, what percentages do you set aside for maintenance, eviction, and vacancy? I know it is a bit ambiguous and relative to the type or rental, but just ballparks would be nice. As I might be taking too much out possibly. 

Thanks again! 

I am very new to real estate but I have a goal to have my first deal done by August 31, 2017. I am looking a lots of different properties in different areas and trying to crunch the numbers. How is it that even though what I come up with is positive, it is usually very minuscule amounts. I am just wondering if this is correct?

With all expenses and financing it seems cash flow would be around $6,800 annually. However when I take some peoples recommend percentages out for vacancy and maintenance this drops to about $1,110 annual cash flow. Just wondering if this sounds right? Also wondering what most of you set aside for vacancy, maintenance, and eviction? 

Any input would be much appreciated.. Thank you! 

Tanner