Only issue is 1) that will take two years to get started and 2) Using a loan calculator, it looks like I'll only be able to get a mortgage for $200k which will not buy a duplex anywhere near us (we'd probably have to move out of state).I've thought about some other possible options like buying a duplex in a different state with an FHA loan and living in it.

However, when you sell the individual condo units, capital gains tax will be triggered on the gains attributable to those sales.Allocation of Basis: The original purchase price and any improvements made should be allocated among the individual condo units to determine the basis for each unit.Gains Calculation: When selling a unit, the gain is calculated based on the difference between the allocated basis and the sale price of that unit.Partial 1031 Exchange: You may be able to use another 1031 exchange to defer gains on the sale of individual units if you reinvest the proceeds into other like-kind properties.

I have set myself up with an agent automotive and I use the properties' prices to get familiar with the BP calculators.

google bimonthly mortgage payment calculator

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

Calculate your NOI (Net Operating Income) by subtracting your operating expenses (including mortgage, insurance, HOA, maintenance, and property management fees) from your rental income.5. 

Calculate your expected rental income and subtract operating expenses such as property taxes, insurance, maintenance, and property management fees.

We are unclear as to who will be responsible for the capital gains and how it will be calculated, especially since he is still on the title.  

You can check out a zillow calculator.

. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.Entire Canopy MLS Area —Cabarrus County —Current as of June 7, 2024.