You will gain invaluable knowledge for the time down the road when/if you have scaled up in size and want to turn your portfolio over to a management company on how you want things to be done.

I was adding numbers and also reached to the conclussion I won't be able to make any gains after including repairs.

I'm trying to gain the most out of what I have.

My other question even before knowing that number is why not just buy more properties instead of sinking money into a Duplex to gain such a small increase in overall ARV.

(She currently does not have an address in US. )this i figure would serve as well when it sells for capital gains .

.) - find a way to split profits/gains on the property, and have them work with you from there.

@Shelita Compton depends on your current returns and investment strategy, but most investors would advise holding unless you 1031 your capital gains into another suitable cash flow property.

I took advantage of the no capital gains tax period and will put the equity into investment projects closer to home here in Maine.

Hi tax professionals, can anyone please advise if we can invest the capital gains from stocks in RE to defer paying taxes something like a 1031 exchange?

I took advantage of the no capital gains tax period and will put the equity into investment projects closer to home here in Maine.