It seems like the perfect place, BiggerPockets, for finding people who are like-minded, asking them questions, and learning how to become a future investor.I believe that no matter how unforgiving the market may seem, the right tools, knowledge, and preparation can help minimize risk and create opportunities.

The long hours and dedication will pay off as you learn the ropes and prepare for your first investment.

I am creating a LLC in MD and am looking for a Resident Agent.

Capital gains are calculated as:Sale Price - (Original Purchase Price + Capital Improvements + Selling Costs) - depreciation (if applicable) = Capital GainYour mortgage or HELOC balance does not affect this calculation—it only determines how much cash you take home after the sale.In Massachusetts, if the home was your primary residence for at least 2 out of the last 5 years, you may qualify for the Section 121 Exclusion, allowing you to exclude up to $250,000 (single) or $500,000 (married filing jointly) of the gain from federal capital gains tax.

I started my career with the renovations team renovating the houses we buy, and with the property management company working with our residents and our maintenance teams.

Why ask: Knowing the mentor's expectations will help you prepare for what’s required in terms of effort, communication, and engagement in the program.Asking these questions will ensure you make an informed decision about whether the mentorship program is a good fit for you and your goals.

While you did point out the negative aspects of a deal like this, you didn't really highlight the pros on the RE side and future investment, appreciation etc.I’ve done two of these projects in the past 3 years in SoCal.

How long have they been preparing taxes?

Long time Scranton resident, investor and realtor here!

Investment Info:Single-family residence buy & hold investment.