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5 February 2025 | 4 replies
.$70k out of my pocket cash and sell the house when it is done for $360k to $400Kclosing cost $40k so 360 - 40 = 320 - 270 = 50K profit or 400k - 40k = 360k - 270k = 90k profitthe $360k is conservative for sale price chino hill ca.at least that was what i had bouncing in my head
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4 February 2025 | 0 replies
Mastering off-market acquisitions, sharpening your sales skills, and structuring deals for maximum profit.
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28 January 2025 | 11 replies
The other part sounds like it was a rehab and now held for sale, which does not qualify for 1031 Exchange treatment.
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27 January 2025 | 9 replies
Opendoor Technologies Inc. has released its annual list of the hottest ZIP codes in the country for home sales.
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24 January 2025 | 10 replies
As David indicated, look for properties before you close on the sale of your relinquished property.
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31 January 2025 | 1 reply
I was recently exploring a two-story commercial building for sale on a corner in a growing downtown area.
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29 January 2025 | 15 replies
You just have to be careful because some sales agents will just advise you to over improve the property because it makes their job easier.
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29 January 2025 | 0 replies
The property is a single family home that is on sale for $179,000.
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7 February 2025 | 22 replies
Selling costs would be 8-10% of the sales price but there should be an estimated proceeds sheet that would show you costs.
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7 February 2025 | 5 replies
You owe two taxes:A. capital gain tax on $150k ($500k sale - $350k purchase) PLUSB. depreciation recapture on $100k of depreciation taken.Now, let's assume that you messed up somewhere along the way, and you only took $70k worth of depreciation instead of $100k.