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5 October 2024 | 2 replies
I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.
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30 September 2024 | 0 replies
I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent.
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9 October 2024 | 312 replies
I remember me saying on here somewhere in a post many years ago that cycles can be a game of musical chairs when no more spots the investors crash.
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4 October 2024 | 27 replies
Hi Haoyang,It's pretty difficult to find, but just with the resources available to me I was able to spot a few fourplex listings that were somewhere around $1.25M.
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2 October 2024 | 5 replies
While it's a great spot with a ton of tourism unfortunately, it seems the hotels view STR's as competition and have helped to encourage the strict regulations.
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3 October 2024 | 21 replies
Columbus is a great spot to invest in with Intel, Google, and Microsoft all coming here.
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30 September 2024 | 4 replies
Investors are a little bit like white blood cells in a city - they clean up the properties nobody wants or is able to take on.
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4 October 2024 | 39 replies
I've written a few articles here that should help in your decision:The 10 Best Markets for Your First House Hack13 Real Estate Hot Spots You Won’t Want to Miss Next YearI'm personally putting my money where my mouth is and moving to Fayetteville, AR where I will be house-hacking my first property--something that could only be a dream in Los Angeles.
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2 October 2024 | 1 reply
I plan to start out wholesaling learn how to spot good deals and then transition over to flipping.
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7 October 2024 | 39 replies
Hey Genesis, since Cashflow is what you're aiming for, Cleveland is the right spot for you.