28 October 2021 | 3 replies
I'd like to take advantage of the knowledge I've gained and begin identifying investment opportunities for myself.
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21 October 2021 | 1 reply
Hello to allPlease if someone can give advice .If after 11 years of renting I would ;1. move back to property2. take maximum possible reverse mortgage loan, or any another loan, using propertyas corrateral and keep it3. sell4. pay back the loanHow all this above would impact the amount, subject to gain taxes, if at all ?
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8 November 2021 | 21 replies
With enough variety—the theory goes—when one asset gains another loses, offsetting some of the overall variability.
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30 October 2021 | 45 replies
Luckily I've occupied the property 4/5 years I've owned it, so I don't have to worry about capital gains.
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22 October 2021 | 2 replies
We will take the hit on the capital gains tax because it will still propel our investment career.
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22 October 2021 | 5 replies
Short-term pain to setup systems, for long-term gain of time savings.Also, THINK AHEAD!
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23 October 2021 | 8 replies
Granted, even if the cash flow is -$200/month, I would be living rent-free as an owner-occupant and I would be gaining equity as the mortgage was paid off, so maybe it's possible to have a good investment that doesn't cash flow?
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28 October 2021 | 3 replies
My gain is obviously $300,000.
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28 October 2021 | 6 replies
I have rental property, which I want to sell, but ....gain taxes.In my case it is exeptionalyl painfull, because I obtained this propertyas the part of divorce settlement and I am older person now.I already spent a lot of money for professional consultations, it helps but not to the end. ( lack of preperation from my site)I am in the process now to educate myself , as much as I can about 1031 exchange option.I want to be able to ask right questions during next expensive meeting with the lawyer orCPA.What I am looking for over her, for precious help....I am looking for recommendation of the websites which offer help with 1031,and this is their business,they do not require the client to be accredited investorthey provide the listing of properties for saleand what very important, they provide at least closely estimated analysisof the deal. ( price, rent amount, property taxes, other costs etc)After my investigations , I am the most interested in rural California,or Atlanta Georgia, or Charlotte North Carolina.During my searches I found website of type I am looking for, I think it was Atlanta,their listing was very limited, but provided this analyse.but I did not save it ( did not realized how preasure it was) and can not find it again.So please, if someone went through 1031 exchange process, please share the websideswhich helped to find the right property, even better if they manage rentals.My case is so pityful, so the cost to even higher limits is wort it.Thank you very much evaP.S:My expectations, with flexibilityTo have at least 600k from the saletake 120-150 k cash ( pay taxes on this amount)Invest in 2 sigle family housesTo have close to 2k cash flow from the rentpossible ?
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28 October 2021 | 9 replies
Was something we could’ve maybe skipped but we gained clarity everything was indeed ok and well worth it.