Without the refi or wrap, I won't have enough capital to buy my next property for a long time.

What is the general rule for working capital needs and/or maintenance reserve you all use on residential properties?

I recently got access to $130K cash via a partner, so I'm ideally looking for a good 'flip' property to build up some more capital.

I was originally only going to carry for 2 1/2 yrs because I thought I could avoid capital gains tax if I was cashed out in under 3 since this was my residence.

Others pay a property management company and use something closer to the 50% number.So, from the remaining 50-60% of gross rents, you have to pay your mortgage (principal & interest), and the remainder, if any, goes into your pocket.The 40-50% number supposedly accounts for capital expenditures over a long time period for buy-and-hold investment properties.

Those who are on the verge of owning a vacation home but are finding it difficult to part with their capital can take comfort in knowing that there is indeed an option available to owners of vacation properties that will allow them to retain the benefits of ownership, all the while reaping the benefits of a seller.

Quick question -If an investment property (in this case a fourplex) is purchased by an LLC consisting of 3 people and one of those people lives in one of the units for two years, can the LLC then avoid paying capital gains tax upon sale since one of the agents of the LLC has satisfied the 2 year primary residence requirement by the IRS?

I'm brand new to this thing, and while I have an educational background and some employment experience in the field, this is my first foray into actually putting together a deal for myself.I've decided that the best way for me to build capital is to use hard money to purchase REO's and then wholesale the property.

I understand the mindest of capital socialists - it's ok to live the conservative capitalist lifestyle while speaking like a socialist and expecting the peons to swallow it.

Hi ChrisI agree with Yoshio as Brazil has leaped 10 places into the #2 spot as the international preferance by investors replacing China to the #3 as the countries providing the best opportunity for capital appreciation, according to the International Real Estate Report by NAR.Some of the Latin American countries are doing good currently in this economic downturn.