My primary focus is on multifamily units and mid to long-term rentals out of state.

[Sale Price - (Original Purchase Price + Improvements) = Gain] In order to benefit from the $250k exemption, must be primary residence, lived in 2 out of the last 5 years, can use this once every 2 years.Looks like there's no capital gains Tax in Washington.

Another lost his primary residence plus his vacation rental and will be staying with me for the next month while he sorts out his home.

Purchase price: $485,000 Cash invested: $125,000 This property was zoned residential and commercial.

Also you're in Cleveland of all places I would think that there are better opportunities out there.

Cash, Hard Money, and Private Money are king!

Yes, you'll owe tax on the gain. you're well outside the two years residency out of the last five for the 121 exclusion.

Hi BP Community,I’m looking to refine my real estate investment strategy and want to make sure I’m on the right track.Here are a few areas I’m focusing on:Property Selection: How do you choose the right type of property for your goals?

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Those who do fill out the form, I weed out the bad, contact the good and schedule viewings. 4.