- Usually hard money will offer between 7-12% with lower rates offered to those with more experience, better credit, and more capital contributed to the deal.

Little to no equity with a potential capital gain and depreciation recapture.I have a similar situation with a condo I bought in 2006.You can still do a low equity to zero equity 1031 to push forward the depreciation recapture and capital gain.

Wondering if any of the closing costs can be immediately deductible, or are they capital costs?

Because you are next to one of the best cash flow markets in the Nation, Kansas City!

I’m just looking at flipping right now because I don’t have any of my own capital so I’m trying to find a way to build some of my own so I can do my own deals and don’t have to rely solely on cash investors.

Flipping will subject you to capital gains and self employment tax.

The additional money that you need to pay because of unfunded capital improvements.

Are you considering capital improvements?

Lima One Capital in Atlanta finances in Birmingham.

If we decide to sell after a few years in the event that the landlord situation does not go well, I am apprehensive about the capital gains tax (since I am unlikely to want to do a 1031 conversion to another investment property).