Also, seller financing does help you avoid higher capital gains and NIIT taxes.

Just buy it in your name and then by time you rehab it and sell it if it’s two years then you can possibly get capital gains exemptionsNotLegal or tax advice

As I expand my portfolio, my focus will be on diversifying investments, optimizing property management, and leveraging refinancing options to maximize returns.My long-term vision includes stabilizing my portfolio, achieving financial independence through passive income, and strategically planning for growth and exit strategies.

The transfer tax is 5% and composed of 2% transfer tax and 3% capital gains.

Taking action isn't always buying, it's gaining confidence to transact and knowing when they time and asset class is right for you.

And the appreciation in Cleveland was almost non-existent until the past few years, so I wouldn't count on big gains over time.You also have to remember things change over time.

What value is it gaining?

Returns on cash invested will be huge when you factor in the appreciation gains.

Completely not interested in having jerks and dealing with them.Please do not advise to have a property management company as I will not.I only have a few units and I have a full time job so this is a passive income.My rent prices are slightly below the market value.I live in Tennessee.Thanks

There are plenty of great markets in North Jersey close to NYC with the possibility of equity gains and high rents.