I would be mad.Just get a charcoal grill and let the guests supply their own charcoal.

Purchase price: $380,000 Cash invested: $19,648 Sale price: $485,000 Not really a portfolio investment as it currently my personal residence, but I'd still consider it an investment.

I currently own a four-unit property in Los Angeles County.

Many of you probably know the „german“ way of doing things...The stereotype would be the punctuality and precision of the people and the public authorities.The reality is the following: a lot of barriers and long approval processes as well as legal restrictions when it comes to owning and handling capital.

@Calvin Drake we own and operate 51 units in the Jacksonville area.

Overall, I expected to pay no capital gains tax seeing as how we lived in the house 4 years out of the +5 years I owned it.

My goal is to own more rental properties, and was wondering whats the best strategy to achieve this, with regards to what to do with monthly excess money. 

Texas being a nondisclosure state makes things a bit more difficult when trying to get my own comps and analyze deals in my area.

In addition, I was looking for the monies from the sale to fund set up rentals on additional land that i own.

The IRS generally allows deductions for second homes if you use the property for personal use for more than 14 days or 10% of the days it's rented, whichever is greater.