This means you’ll pay short-term capital gains tax at your regular income tax rate.2.

Purchase price: $68,000 Cash invested: $70,000 Sale price: $195,000 I purchased a long-term rental property from the MLS that had multiple contractor issues and significant delays.

Hope this helps you decide. 

These were investments, the value of the assest are there, its the liquid that ran short and had to resort to credit cards to fix up the propertyYou spent $50k from savings, borrowed $50k from a 401k, and are paying it back over five years at around 7.5% interest, then borrowed another $40k from credit cards and are paying that back at around 8% interest, maybe more.

And that is the reason why a LIRP can provide much more retirement income.You don't pay interest on the loans and the death benefit pays off the loans when you die.

Many investors/Contractors like yourself gain a ton from other members here.

Purchase price: $570,000 Cash invested: $30,000 This is my first house hack!

Purchase price: $350,000 Cash invested: $10,000 House hacking my first home by converting the master bed into an independent studio that we rent on Airbnb What made you interested in investing in this type of deal?

Quote from @Devan Szpak: Investment Info:Small multi-family (2-4 units) buy & hold investment.

He puts a lot of free content out there to learn from.