My husband and I bought his grandmother’s house last year and have fixed it up. We decided to use it as a vacation rental to offset the costs of owning and maintaining it. Our fIrst guests since the remodel are stayin...
I am trying to buy an investment property from a lady who owns it free and clear. I am trying to draw up a proposal that would allow her to sell the property to me without having to get slammed with taxes all at once....
I bought a property with the intent of rehabbing it and then renting it. I also knew I had another exit strategy of selling if need be. The market is so crazy that I'm considering selling now. Here are the numbers:
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I purchased an investment property and lived in it whilst renovating. I am told upon selling I will have to pay around 25% cap gains tax(in north carolina). The only way I am aware of to avoid this is to live in th...
Hello,
I have a single LLC that I've used to flip a few houses in, but I've also started to rent out some properties (I currently have 1 SFH, and will soon have another and a duplex). They are all in the same LLC. ...
I have been using the term “24 month flip” for so long now, I believe I have coined the phrase. In fact, for the purposes of this post I’m more than happy to take ownership of it, because this is an investment strate...
I contribute to my 401K around $1500 every month before taxes. The company I work for contributes around $150 to it every month as well. I'm 35 and I have a 15 years mortgage for my primary residence. If I pay the add...
I initiated a 1031 on October 18, 2017 (a flip I owned for 4 months), and now realize it may fail. However, I've already filed a 2017 return. Will the sale be recognized by the IRS as a short-term capital gain in 20...
Is it a good potential idea to take out 120k from my HELOC buy an investment property in cash, light rehab.. rent it out for great positive cash flow for two years, then sell after two years to avoid capital gains tax...
Hi all. I'm a long-time lurker and the real estate books got me onto this forum. i'm doing a 20% convention loan on a owner-occupied triplex in hayward(a suburb in san francisco bay area), the cap rate is about 0.04 i...