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13 October 2024 | 8 replies
You'll pay capital gains tax on the gain on the sale.
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14 October 2024 | 0 replies
Sold to tenant before having to pay capital gains tax (extended occupancy test due to military move).
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13 October 2024 | 11 replies
The $80k of depreciation recapture will be taxed at 25%, and the remaining $75k capital gain will be taxed at the capital gains rate (likely 15-20%).
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17 October 2024 | 9 replies
Although, I would like to have first access to foreclosure properties with HomePath's First Look Program, income/capital gain tax benefits from my PR, and more favorable loan terms.
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11 October 2024 | 6 replies
Starting small is okay; it's all about gaining experience and building from there.Networking is also super valuable, so get involved in local groups or forums (other than BiggerPockets).
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15 October 2024 | 14 replies
Getting that education is very valuable and it gives you access to MLS which is extremely helpful as an investor.
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17 October 2024 | 14 replies
For example, in 2022, about 500,000 people left Florida, but the state still gained a net total of around 500,000 residents due to higher numbers of people moving in, particularly from states like New York, California, and Texas.
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14 October 2024 | 5 replies
She eventually found someone who not only brought her deals but also offered valuable insights that aligned with her investment strategy.
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14 October 2024 | 3 replies
I haven't been able to find any events or active Facebook groups in Cedar Rapids.I would love to connect with other investors and gain some insights into the Cedar Rapids market.
18 October 2024 | 34 replies
They are very different and believe that's often lost in thought process as well because utilizing debt responsibly is a valuable tool in real estate.