Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fire DamageI received an insurance check of $380K for the fire damage.After Paying off the Mortgage + Escrow + Realtor Fee's, I'll be left with about $150K.My question is will I get taxed on this $150K?

Thank you Hi Eliane, I am in Baltimore and been an active investor since 2004, doing close to 20 BRRRR a year,and I am an agent, let me know if you have any questions.

Im British and have been in Dubai for 13 years also selling real estate at Keller Wiliams so very happy to help with any questions you may have.Hi Raju so sorry just seen this message now. you can find me online and directly DM me in that way.

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

This community is full of experienced investors ready to share advice, so feel free to ask questions as you go!

Anyhow, thanks for your reply and to answer your question no, currently I do not have anything else going on that will help. 

This question crossed my mind recently after reading a post and some comments discussing whether an investor is experienced enough to raise capital from outside sources.

I am looking at a condo that is located across the street from a Sonesta Suites extended stay hotel. They post their rooms on the normal hotel, discount site, etc. They also post their rooms on Airbnb. Could this pote...

The showings with the tenant went well and they didn't have any questions during the showing.

The hardest part is taking that first step, and you’ve already done it—now it’s all about being a sponge and jumping in when the opportunity feels right.I am happy to answer any questions you may have.