if this was a rental property the gain on the property is whatever you sold it for minus your purchase price (broadly speaking)… there’re are various expenses you count against both your basis (purchase price)  and against your gain from the sale.  

In dealing the new Real Estate Commission Law now in play.....Is anyone else getting Engagement Contracts sent to them stipulating exclusivity and buyer-responsible commission terms?...

Congratulations on purchasing your second home.

Yeah if we had a re-do button perhaps we would have skipped this last purchase or done more due-diligence prior to the purchase.But very happy with our other properties.....Hi Account Closed - Where is your STR located ?

Hi everyone,I have recently started working in real estate as of this summer.

I am new to real estate investing and was looking into taking a heloc on my primary to purchase land and do a construction loan.

I love everything about real estate and my friend introduced me to the podcast now here I am.

Purchase price: $490,000 Cash invested: $150,000 Property generates $4,050 a month income, rents are below market.

Most lenders will gladly talk to you to help you start planning a purchase.  

It taught me a lesson I’ll never forget: in this business, a deal isn’t real until it’s closed.