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28 January 2025 | 11 replies
You should only be liable for tax on any appreciation since you inherited the rental (minus the cost of your improvements).
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29 January 2025 | 5 replies
Gain is your net sales price minus your adjusted cost basis (purchase price plus capital improvements minus depreciation).
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5 February 2025 | 9 replies
.- Working a W2 as a firefighter, posting and consuming content- Leaving my W2 to dive deep into real estate investing and working as an agent... and still watching/posting content all while business was ok - Deleting social media apps (one have one on my phone that I use 10 minutes or less a day), diving deep into building my business and skills which have drastically increased due to pure focus and increasing my business significantly- moral of the story... focus on the things you need to do in business (dollar productive activities) and life experiences while reducing consumption will increase your success
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5 February 2025 | 3 replies
Recently, I've channeled that expertise into real estate investing, focusing on how smart design can significantly boost ROI.
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30 January 2025 | 1 reply
Doing it all over again, I would use a investor focused agent.How did you finance this deal?
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6 February 2025 | 4 replies
With that said, the best proactive measure for vacancies are to have none in the first place - meaning improving retention.
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21 January 2025 | 8 replies
Maybe an outside the box idea would be to try to force some equity by making some improvements in the house you live in.
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7 January 2025 | 0 replies
Rehab Scope:Cosmetic remodel: Painted the interior/exterior, updated the kitchen cabinets and countertops, and installed new flooring.Modernized fixtures: Replaced light fixtures, outlets, and switches throughout.Enhanced curb appeal: Painted the brick exterior, added landscaping, and modern black accents.Timeline: Completed the rehab in just 4 weeks to minimize holding costs.Strategic Upgrades: Focused on cost-effective improvements like vinyl flooring and fresh paint, wh What was the outcome?
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21 January 2025 | 4 replies
Also, check out if there’s any new development or improvements happening nearby, as that can boost property values.