
5 December 2024 | 13 replies
If you move into a property acquired through a 1031 exchange and make it your primary residence, you may qualify for the capital gains exclusion under Section 121 (up to $250K single/$500K married) if you live in the property for at least two of the last five years before selling.However, gains attributable to the time it was a rental property remain taxable (non-qualified use), and depreciation claimed during the rental period must be recaptured at a 25% tax rate.

25 November 2024 | 6 replies
Adds a layer of comfort and protection to the mattress.$69.99 eufy SoloCam S220 Solar Powered - https://www.amazon.com/eufy-Security-Continuous-Resolution-C...We did buy these for the rental but I haven't installed them.

3 December 2024 | 16 replies
You may even be able to find a mentor who would be willing to take you under their wing.

6 December 2024 | 27 replies
@Guenevere F. you're going to need 20-25% down to get a mortgage.If you target $100k, that won't leave you any funds for closing cost, maintenance or emergency reserves.You could try targeting around $80k, but the $16k-$20k down payment would still not leave you with enough.If you buy under $80k, you're probably buying such a low-end property that it is unlikely to meet your performance expectations.

2 December 2024 | 4 replies
However, there’s one aspect of the website that’s raising a bit of concern for me.I live in Santa Barbara, CA, and from my experience, the median home price here is generally at least $1.5 million, and in most cases, I rarely see anything priced under $1 million.

6 December 2024 | 8 replies
The property went into contract for $3M while still under COVID restrictions.

25 November 2024 | 1 reply
Hi everyone, As the title says, I'm under contract on my first deal.

4 December 2024 | 7 replies
Under this idea, you'd need to see if the Health dept has any restrictions for your septic system (which i assume you have) and if the power company would meter the 2nd unit separately.

2 December 2024 | 1 reply
After months on the market, I made an offer over $20k under the asking price and it was accepted.

3 December 2024 | 1 reply
Hi,I’m a single-family real estate investor with a few rental properties under my belt.