Now, we're in Georgia and ready to tackle our first flip project.We're here to learn, share, and connect with fellow investors. 

Upon the sale of the condominium, the capital gains on Person C's sale would be calculated as follows:A. 33.33% of the sale price minus the original purchase price to account for the interest acquired via quit claim deed on July 7 2015.B. 16.66% of the sale price minus the stepped up fair market value on 11/17/2020 as capital gains for the 16.66% remainder interest acquired on 11/17/2020 from Person A.C. 50% of the sale price minus the stepped up fair market value on 01/17/2023 as capital gains for the 50% remainder interest acquired on 01/17/2023 from Person B.Total Capital gains would be the sum of items 3A, 3B and 3C above minus any allowed deductions, such as the home sale costs (closing, repairs and so on).As an individual owned rental property, upon sale the only way to avoid the capital gains would be to do a 1031 exchange and then hold the new property that is purchased for approximately 3 years before selling it. 

I am a teacher currently looking to learn about investing and how to do it all. 

I am curious about learning the market as well.

Thank you in advance - so many knowledgeable people here and I've learned so much from the forum!

@Kurt Carlton I'd be interested in hearing your story, how you got started, risks, lessons learned.

You should be able to charge for any of these items if you have receipts for the expenses. 

Just startingLessons learned?

I am learning the hard way that 2 bedrooms appeal to single parent families and students, 4 bedrooms appeal to dual income, or students.

Hello everyone, I am in the learning and growth phase of my business and I I'm looking to network with some Great people to bounce ideas and come up with ways to help each other achieve success.