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28 January 2025 | 11 replies
Selling for $380k means an $80k taxable gain at long-term capital gains rates (0%, 15%, or 20%, depending on income).The $80k HELOC used for personal debts doesn’t affect your taxes.A 1031 exchange could defer taxes, but you’d need to reinvest in another investment property, not a home for your mom.
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27 January 2025 | 29 replies
Success still depends on your effort, discipline, and ability to execute.
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20 February 2025 | 7 replies
We are a bit flexible on the budget, depending on cash flow/appreciation.
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19 February 2025 | 11 replies
I think this depends on location and how much you are getting it for.
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27 January 2025 | 9 replies
All depending on perspective.I would take it with a big grain of salt, I think Opendoor is trying to drum up interest, given how many properties, they and other institutional buyers, are having on the market (e.g.
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5 February 2025 | 6 replies
There are a few different areas I like to target, depending on your goals and budget.We also host a monthly real estate networking event -- "NorCal Real Estate Mastermind" -- First Wednesday of every month at 6pm at Lucid Winery on R St.
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4 February 2025 | 4 replies
- Does this answer change/depend based on my current tenant's wishes?
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22 January 2025 | 12 replies
Just depends on the situation/scenario.
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11 February 2025 | 18 replies
@Matt Wan Many lenders require wet signatures on at least the Promissory Note but if yours does not, as a US citizen you could do the entire signing anywhere on the planet with a good internet connection + mic + camera via Remote Online Notarization (RON) for less than $200.If wet signatures are required, the answer then depends upon what foreign country you are in.