The rental market is still extremely hot and prices are high with inventory low, but I have still been managing to cash flow on the new purchases.     

For example, if I were to purchase a home for $1M, fix it up then sell it for $1.4M, how much of that $400k gain would be taxed?

Trust me it was a huge pain but it was the perfect house for my clients so I jumped thru so hoops for them. 

We specialize in out of state clients and Multi family is our specialty.

Here’s what you should know:You should purchase non owner occupied real estate in an LLC.

I originally created an llc to purchase the land, however decided after to buy it in my name and transfer into the llc after the house is built, rented, and refinanced.

I see some banks posting it online for bidding on Xome.com and some and posting on MLS as a foreclosure purchase.

Unfortunately, the cash-on-cash return isn't the same due to the interest rates.Should I proceed with the purchase now, or wait for interest rates to decrease before re-entering the market?

Purchase price: $30,000 Sale price: $63,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Bob Taylor, successfully completed a deal on Wellsley St NW, Roanoke, VA.

I purchased a duplex with 2 sets of tenants just like yours last July. after going thru the process with the first ones and paying a flat rate, I was able to negotiate A split rate for first the filing and then the court appearance.