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16 January 2025 | 0 replies
What I decided to do was work in what I was interested in and it led me to be an experienced real estate agent specializing in wholesaling off market properties in PA region specifically Philadelphia and surrounding areas such as Montgo, Delco etc.
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22 January 2025 | 15 replies
General Contractor - Look for someone experienced in renovating older structures common in Baltimore.
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21 January 2025 | 74 replies
I want to get clarity on that from someone more experienced than I am.To answer your other question, the fund that Lee manages though is COGO Capital Investment.
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16 February 2025 | 70 replies
This is fantastic for new and experienced
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4 February 2025 | 87 replies
At that point in time, we can just list the property and sell it. we have long-term capital gains rather than short-term capital gains, we would have probably experienced some appreciation during that time.
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14 January 2025 | 2 replies
I’m passionate about real estate and am working towards building my investment portfolio, with a goal of acquiring five rental properties over the next five years.I’m here to connect with like-minded individuals, learn from experienced investors, and share knowledge along the way.
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21 January 2025 | 27 replies
Sounds like your agent wasn't experienced enough in the area.
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17 January 2025 | 3 replies
It's really important that you work with an experienced loan officer or broker, especially on a time sensitive purchase transaction.
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15 January 2025 | 3 replies
Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.
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22 January 2025 | 22 replies
The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!