I was wondering what the tax difference is between selling a home before owning it for one year or after owning it for a year.. Is there a set tax percentage rate for both?
I'm looking to save money on property insurance and wanted to run an idea past the community. My wife and I own an owner occupied duplex, another duplex, and are closing on an additional triplex. I'd like to move the ...
What would you recommend?I plan on using the equity in my home for a fix and flip project in Chicago. The plan would be to acquire, rehab and sell within 6 months. For this would you recommend a HELOC or cash out ref...
When finding vacant houses, I look up the address to find out who pays the property taxes on that address and then look that name up to determine their address for where to send my letters to. My question is: Can I ju...
Hey everyone,I am currently involved with a flip in the Beverly Hills area and everything is going great, but I am looking to build my own team for a new real estate venture. As competitive as the Los Angeles market i...
I'll start by saying it is my understanding that when buying property in the $20k-60k range, I'll be bidding against cash-buyers. Let's say I find a $50k property I like and I pay cash, then take out a HELOC. Then I f...
Hello all,I’m just starting my investing journey, and I can’t seem to make sense - or clear distinctions- between a Heloc and a cash out refinance…In general, what are the differences between the two ? And also, what...
Over my first 18 months of real estate investing, I've built up a pretty good process for mining the probate data for both Fulton and Cobb counties. I'm wondering if I might be able to turn the work I've been doing i...
While shopping for insurance, I got quotes from different insurance providers. As far as I can tell, these offerings are pretty similar (same coverages, same deductibles, both replacement cost, both has loss of use, e...
Hello,I am just starting my real estate journey by reading various books on the topic. Why is it that passive income is touted as such a major benefit of owning rental property? It seems that the same profit could be ...