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What is the % of taxes I may be subject to pay on a property I lived in for 366 days then sell at a profit? I'm getting mixed responses on this. A real estate agent told me 25% of the gain. A lady on biggerpockets for...
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What is considered a good goal for return on equity in a property? I’m trying to construct a window when I should start messing with a property to move the ROE back up once it’s accumulated “too much” equity. For refe...
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I have a question about Real Estate Professional status as it pertains to taxes. I've been an investor for about 4 years since I moved out of my first home and rented it out. Since then, I have bought two more homes, ...
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Any suggestions on which method is a better way to furnish a rental property? I am debating whether to use a dedicated business account that is funded to ensure proper tax records vs using a personal credit card so I...
My friend acquired a tax certificate property for $5k. I'm about to wholesale a it for $15k. In this case, the owner has 6 months to redeem. From my understanding, the owner can buy the property back within the specif...
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Hello, I’m new to the real estate investment world and I’m looking to do fix and flips and have been doing a lot of research and studying. I have a question and this might sound dumb but when do you take profits for y...
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Is there a grant for aquiring multi famialy properties? Lets say 100+ units. Is there any type of grant you could get?
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Hi Community Newbie to the community looking to get started in rental properties. I've heard of people using rental properties to lower their taxable income but I'm not clear how this is possible. From what I'm gath...
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First time with investing here in Upstate South Carolina and want input on how to go about the home I am rehabbing. The numbers:112k purchase price (cash)30k on updates and remodelARV recently went from the 180's to t...
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I thought I would share a success story. Bought a 3/1 882 square feet. Small ranch on a crawl space. Offer was a three letter option; Cash, Seller financing, and a combination of seller financing and a down payment...