I know of one widow in Denver who put her life savings into a $225k rental duplex...paid cash, no loan/leverage.

However, a 20% tax rate on net capital gain applies to the extent that a taxpayer's taxable income exceeds the thresholds set for the 39.6% ordinary tax rate ($415,050 for single; $466,950 for married filing jointly or qualifying widow(er); $441,000 for head of household, and $233,475 for married filing separately).There are a few other exceptions where capital gains may be taxed at rates greater than 15%: The taxable part of a gain from selling section 1202 qualified small business stock is taxed at a maximum 28% rate.Net capital gains from selling collectibles (such as coins or art) are taxed at a maximum 28% rate.The portion of any unrecaptured section 1250 gain from selling section 1250 real property is taxed at a maximum 25% rate.As you can see, most people are taxed at 15% on long-term gains.  

That name was one of his kids, and from that, I was able to connect back to the guys entire life history via an obituary that listed his children's names, as well as find his home where his widow lives, which then let me skip trace all his kids addresses, and their many x-husbands, x-wives, and homes, to finally wrangle them into having a conversation with us about selling the complex.

Hello.  I'm a new investor trying to shift from prep and analysis to finding my first deal.  I'm trying to focus on the BRRRR strategy.  I've lined up enough capital to engage in cash offers and so I'm looking now at ...

I know of one widow in Denver who put her life savings into a $225k rental duplex...paid cash, no loan/leverage.

She was a homeowner for many years prior to this rental, but was recently widowed as is downsizing.If a dog causes damage, it is usually something fairly simple, even it it claws it's way through a wall in a thunderstorm, I can have a drywall guy fix it and it's like it never happened.

@Frank Bee ,There is a continuum of perspectives on whether to use leverage (i.e. debt) on the passive rental properties or pay all cash.On one end of that continuum, I know a widow lady in Denver that used her life savings to buy a $250k rental duplex for cash several years ago.

On the conservative end, I know of a widow in Denver that put her life savings into buying a $250k duplex for cash.

Lots of delinquencies, damages, We are leaning toward widowed retirees when possible.

Dont have to be accredited to throw your money out the wi dow there...or drop the mortgage payment on the slots in Vegas...but the"Government" who we all know excels at losing money, wants to protect investors from losing money...lol...got itFind a way I guess...sure cant beat em Thank you for your reply...much appreciated