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18 February 2025 | 9 replies
@Ngozi IwunzeOne way to avoid capital gains is to turn the flip into a rental after the rehab and then do a 1031 exchange into a more expensive property.
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12 February 2025 | 2 replies
. - Even with this caveat, some tenants will attempt to go to the property.
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19 February 2025 | 2 replies
Local authorities actually did a great job!
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6 February 2025 | 10 replies
The replacement property must be similar in that it is another rental property.
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15 February 2025 | 9 replies
But a really good property, for what you can afford, in a good location like Charleston and wait.
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5 February 2025 | 4 replies
If your interest payment is $8,125Your stocks have to make a dividiend of about $11,000 of which you would prolly pay 15% to 25% in federal / state taxes / NIIT.Assuming you will make a 10%-11% return is not guaranteed.You will also feel good about having a paid off property(relief).Furthermore, your credit score may go up with a paid off property.Best of luck!
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12 February 2025 | 7 replies
Do that before you spend any energy trying to kick him out.If he hasn't paid rent, you can call the police and have him escorted from the property.
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17 February 2025 | 40 replies
I am fairly new to real estate, but have been able to get a few properties which will help us own a block in downtown Columbus, OH.
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29 January 2025 | 2 replies
In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.
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7 February 2025 | 22 replies
I personally would sell the house - it's negatively cash flowing ~100/month, if you were to add in repairs/maintenance, CapEx, vacancy, rising insurance/property tax costs I would think you're actually losing more than you estimate (luckily it's new so you are on the very low end of that right now).