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6 March 2018 | 2 replies
Concepts I think I understand are :If the transactions are not of equal value you, you pay capital gains on unused profit. 45 days to identify deal of equal value / 180 days to purchase them.
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26 September 2018 | 25 replies
This is just scratching the surface of using leverage, gaining appreciation, taking advantage of depreciation while building equity and getting passive incone.Happy to share more details and experience anytime.
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9 April 2018 | 2 replies
For example, I've learned that the state of Vermont will impose a huge "land gains" tax on someone who buys and sells a piece of vacant land that isn't part of their primary residence within a 7 year period.
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19 April 2018 | 21 replies
I've been gaining a lot of knowledge recently which is helping me overcome this fear!
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13 March 2018 | 3 replies
However you can buy less than what you sold and you can take cash out but the IRS will want to tax you on the difference just as if you're pulling profit out.In your case you've got maybe a $400K gain including depreciation etc.
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20 March 2018 | 13 replies
if you do not have enough money find the folks who do who are also open minded about your journey.The key is to find passionate A team members the ones who will believe in you.Perhaps I am not the best person to provide this advice because after all ... heck I am just a newbie and only 2 months and 14 days in commercial real estate journey....Yet somehow I already found one person just from a local meeting who I managed to bond with well.The idea here is to be likable and yes make contacts across both virtual levels and physical levels.In case if interested how I get folks to trust me.. even though I am just a newbie feel free to check out my journey, where I document my actions and simply share with folks my passion to gain financial freedom by investing into multi family building.If interested to see how on earth am I doing this feel free to ask me to share the link to my blog and I will gladly do so.And once again welcome to this forum and I am excited to have new passionate members in this amazing journey towards financial freedom.
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14 March 2018 | 18 replies
On the other hand keeping the property will allow you the potential to benefit from appreciation in the future on the property.Normally I would strongly advise unloading any negative cash flow property however if your purpose is only to hoard the cash in another property there is no net gain in selling.
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7 March 2018 | 4 replies
One for passive income and one for the active side of things.
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8 March 2018 | 8 replies
Even if they don't give you a raise, stick with the job and gain experience.
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7 March 2018 | 1 reply
I would love to make a point of contact with any investors or agents in the area to gain some more knowledge about the market.