I bought my first condo for cash. I had about 80K in the stock market and sold it to pay cash for my condo. This was around 1997 and bought the condo for somewhere around 60K. In in May of 2000, I sold it for 62K and ...
Hi,We have a full Duplex (investment property), and wondering what are the tax consequences if only 1 of the 2 unit is sold? How are depreciation recaptures, capital gains etc are calculated ? What happens to outstan...
Hello, I've been trying to think of the best strategy for my first home purchase in LA and wanted to tap into this forum's wisdom! As we all know, prices have sky rocketed which makes buying a property in Los Angeles...
So here’s my scenario, I currently own a condo I bought as a fixer upper, I got it all renovated and am looking to now leave this condo rent it out and buy a duplex, I have a W2 job, however I don’t think I make enoug...
I have 2 investment properties - Duplex (112k HELOC) and Condo (138k HELOC). I'm looking to possibly sell the condo to payoff the HELOC and use those funds to payoff the Duplex HELOC. It will appraise for approx. 20...
Hey all! I'm just starting out located in the twin cities area (MN). I closed on my two bed one bath condo in April of this year and didn't stumble across BP until shortly after. I really like the idea of building a m...
Looking for a duplex to house hack, but the NYC metro area has a lot of 2/2 condo/co-op/ or apartment units, which from my understanding you can treat a condo house hack the same you would as duplex? What's the short ...
What will my mortgage company want to do when I tell them that I am planning to convert my duplex into two units and sell the smaller one?
Thanks,
Brad
I tryd to search before posting, maybe I used the wrong keywords? If so I apologizeA thought I had on my drive this morning was whether or not Side x Side condos are a solid investment. There are a decent amount of th...
Hello BP!I have a question in regards to a strategy I'm researching to begin investing in real estate.I'd like to purchase a condo in downtown Atlanta to use for short term rentals/vacation rentals. After 8months-1yea...