Michael Johnson
1.5M Property in Wicker Park, Chicago for 30K down
7 February 2025 | 10 replies
Are you wanting to purchase in the same area of Chicago?
Teslim Salami
Alex H.
Flip as-is or Renovate
28 January 2025 | 4 replies
Reno Scenerio Off Market Purchase Price - $185k ARV = $315-335kReno - $55-65kHolding - $10kClosing both ends - $25k= $335 , $315-$285 =$30-50k gain As-IS Scenario Purchase - $185kSale Price on MLS :$225- $235kClosing both ends - $20kHolding - $4k= $235 - $209 =$16-$26k gainIn both scenerios I’ll be 1031ing it into a new investment.
Robert Pickett
How to roll over 1031 exchange funds
29 January 2025 | 5 replies
Gain is your net sales price minus your adjusted cost basis (purchase price plus capital improvements minus depreciation).
Ben Fernandez
Relocation Sale to Renovation in York, PA
5 February 2025 | 0 replies
Purchase price: $74,000 Cash invested: $25,000 Sale price: $145,000 I acquired a property from a couple needing to relocate, with significant repairs required.
Ben Syzek
New Investor Interested in Colorado Springs and Salt Lake City
6 February 2025 | 18 replies
You're gonna want to be around $400k purchase price to be in a good area too.
Zalman Schurder
3 unit multi family
4 February 2025 | 1 reply
Purchase price: $655,000 Cash invested: $40,000 Sale price: $770,000 Purchase and hold.
John Jacobs
Question: When Does the Seasoning Period Commence?
7 February 2025 | 9 replies
Seasoning for ownership typically starts on the purchase date.
Leroy Fryer
You just had to do it!
2 February 2025 | 0 replies
I went all in, I had a few 401K’s so I cashed in the one that was growing the slowest and took the penalty and purchased my first property.
John Chapman
Reporting loss from a rental property fire and the insurance proceeds
6 February 2025 | 10 replies
I have owned it for a very long time and had depreciated most of the original purchase price.