The tax is based on selling price minus purchased price.

I’m a new investor based in Kingston, NY, with a focus on the Hudson Valley and Catskills regions.

Since you’re based in NY, Detroit is just a short flight away, making it feasible to visit and get a feel for the market and the team you’d be working with.That said, I’ve worked with plenty of investors who have never actually visited and still built successful portfolios—it really comes down to having the right boots on the ground.

Were based on dubious and unproven speculation, assumptions and best case scenarios2.

Another variable in the amount of rent that a Section 8 tenant can pay is HUD limits their rent payment based on the amount of their income. 

The information provided is based on my experience and industry knowledge but should not be considered legal, tax, or financial advice.

$25k is only 4.16% of your new purchase price, heck of a deal.Thank you for your service and let me know if you want to talk any more details and run actual numbers based on your situation.

I think it is fair to say that there is somewhat of a tradeoff between markets that provide positive cash flow on day one and relatively high appreciation-based markets.

Thanks in advance,AaronWe use Fudge insurance which is based here in Orlando and specializes in Orlando area STRs.

Diversify and leverage the best strategy based on the specific deal.