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18 March 2024 | 3 replies
You cannot take the $250k gain since you did not make that gain at the point of sale.
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20 March 2024 | 4 replies
As-is" does not have any clear specific meaning (in fact, if you look at Paragraph 16 of the standard NJ contract you will see every sale with a Realtor is listed as that).
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19 March 2024 | 2 replies
After ten years compounding at 5% that amount would be worth $1,348,602, which would really be $1,256,344 after accounting for LTCG @ 15% (1,348,602-733,500 * .15).Final amount for condo conversion: $1,256,344Pros: After money is reinvested, passive incomeCons: Taxed twice, once on sale, once when investments are sold, no real control over money once investedScenario 2: 10 year holdI pasted my numbers at the bottom of this post so it's easier to see, but my thought process was as follows:1) Calculate value based on reasonable appreciation trends, plus cash flow.
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20 March 2024 | 11 replies
i use that one, and @ameliajorei (on ig) used to sell a 'tenant welcome packet' that i use too, i'm not seeing it on her linktree but i'm sure she still has it for sale somewhere online.
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20 March 2024 | 9 replies
I'd say for both markets some things you'd definitely want to have an idea of would be Median Sales Prices, Median Rent Prices, price-rent ratio, days on market and then also % of price increases for the last couple of years.
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18 March 2024 | 5 replies
My wife and I are tossing around the idea of selling our current home and buying a duplex, moving into the vacant side so we can purchase with less money down and begin our investment journey.
here are the details:Sa...
20 March 2024 | 2 replies
The after-repair value (ARV) of the property is estimated at $260K, which could net a profit of $15-17K after selling expenses.At the sale price of 260K, the property meets the one percent rule and features a brick exterior, new roof, 2 new bathrooms, and 1 new kitchen.
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17 March 2024 | 24 replies
Do you know the best way to find properties that are for sale by owners?
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20 March 2024 | 193 replies
They did try to sale and sounds very knowloge when the sales person talked to me .
17 March 2024 | 8 replies
If you pay cash, that money could be stuck there for years until you sale but you will have some costs of property tax, brush clearing and insurance.2.