Build equity while gaining experience as landlords.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $20,000

Cash invested: $45,000

Sale price: $99,000

Contributors:
Peter Vekselman

Partner Driven...

You said you can't sell now, but want to wait for the equity gain.

The client will be solely responsible for capital gains taxes, including depreciation recapture, regardless of the agreement to share proceeds.

Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.

No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

Good afternoon everyone!I have always been surrounded by real estate and real estate investing since I was little. When I graduated I decided to pursue a career in becoming a real estate agent! It has been 4 months an...

Connecting with investors is a great move too; it’s one of the best ways to gain real-world knowledge and build a strong foundation for your journey.What kind of investing are you most interested in? 

Why ask: Learning how your mentor handled failures or setbacks will help you gain perspective on the full spectrum of risks and challenges in the field.

Taxes: Be aware of potential transfer or capital gains taxes, depending on your state.4.