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12 March 2020 | 9 replies
There is no statutory holding period but you need to be able to demonstrate your intent.
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23 April 2022 | 6 replies
Since I was only given an overview of the financials along with those leases after signing a confidentiality agreement, which seems to be typical around here, I would make any offer contingent on not only getting those tenants to sign a new lease, but more importantly receiving the past two or three years' operating statement and tax returns when I can do my true due diligence, including inspection period, etc.What surprises me most is that the current owner bought this property for $950,000 back in 2004, and is now asking $795,000.
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10 March 2020 | 8 replies
I love Gainesville as a robust market and teach there periodically.
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8 March 2020 | 1 reply
I have a great product, but how do you pitch an investor to park their money and potentially lock it for a set period of time.I know rents and appraisal values will increase in time, but I can not account for that when speaking with investors.
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5 March 2020 | 6 replies
I think it would put me in a bind for an extended period until I can save more or raise additional capital for #3 (which I have not done at all as an investor).
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5 March 2020 | 1 reply
Here's the really powerful end game - If you stay in that duplex for at least two years of the 5 year period immediately prior to selling it you will get to take the first $250K of profit ($500K if married) from the primary residence side tax free.
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5 March 2020 | 1 reply
We are scouting to target a specific niche market that would require furnished month-to-month rentals.Does anyone have experience with a la carte services for periodic cleanings, restocking, and maintenance?
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7 March 2020 | 12 replies
You do not buy properties for tax consideration, period.
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5 March 2020 | 2 replies
Generally, if you have lived in the place for 2 years of any 5 year period you don't pay capital gains on the first $250k if single or $500k if married filing jointly.
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5 March 2020 | 1 reply
we're looking at a property and the agent sent us an "exclusive buyer agency agreement" that forces us to work exclusively with her for the period of one year.