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31 May 2021 | 6 replies
Check with your CPA and see if you are qualified for the exemption from capital gains taxes on the first $250,000 if you are single and $500,000 if married filing jointly, since you lived there two out of the five years.
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29 May 2021 | 6 replies
It was lacking in several areas, & we sent it back to the lender's lawyers to improve it, but for some reason, they said "No."
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10 June 2021 | 5 replies
He originally reached out to as a joint venture partner for this deal, & once we got it locked up, I asked that wholesaler if I could purchase the property.
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5 June 2021 | 4 replies
It might be a 1031 to stay in real estate but defer the tax and improve your situation.Since you're considering both properties here's a little thought: why not sell the rental and 1031 into a really nice investment property that you may want to live in one day.
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3 June 2021 | 2 replies
Right now I'm mainly focusing on joint venturing with other investors, to get them set up in Turn Key Rent to Own deals, with good cash flow.
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22 June 2021 | 10 replies
That would be much better for her than selling it and improving her own life.
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12 November 2021 | 1 reply
I kept borrowing from my portfolio, hoping that my bet would improve.
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30 May 2021 | 2 replies
I found that the data from the source was so-so, and going through improving it was worth the effort, at least based on the amount of correction it required.
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1 June 2021 | 6 replies
The calculation is the same as if you paid cash....selling price (less actual selling costs) minus purchase price (deducting some initial closing costs and non expenses capital improvements).
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7 June 2021 | 22 replies
I think you are doing a great job @Sean EzeamamaI lowered the price to $1200 and days later locked down my second tenant. 2/3 units are rented, I'm about breakeven with one additional unit to rent.Thanks so much for the kind words, will keep striving to learn and improve.