Ok so I sold a property for 1,050,000 cost basis was 175 exchanged for another property for 860k. I was thinking my capital gain would only be 15k. Accountant says I will owe tax on the whole 190k I got back. Man I ho...
Okay I’m a little confused, I was in 8th grade during the 08 crash and I’m young in the real estate game so don’t rip my head off. But I’ve noticed the discussion of another crash starting to come about more often whi...
Any maintenance people? I had a call Friday about an AC not working, called our Ac guy, he found fireants, got it working, I called the pest control, they are coming tomorrow, meantime the unit went out again this eve...
I am looking to start a web page with the normal "Webuyhouses" .com with adding my city name at the end, unfortunately most of these domains have already been taken. I have tried different variations of the term "webu...
Is 2020 recession hapening and how will it affect the real estate prices ?
I transitioned from flipping to new construction basically at the beginning of the pandemic. The 3 biggest differences in land/construction deals vs flipping are:
1. Time - Unentitled land takes 2.5- 3 years to go fu...
I've been debating on getting my first rental property, however having experience with investing in the stock market, I understand the critical nature of 'getting in at the right time.' Sometimes that isn't an easy ca...
Hello all,I have been sitting on the sidelines the past three years and have regrettably avoided pulling the trigger due to the assumption that prices are wildly inflated and not wanting to buy at the peak. I am in s...
Just thinking out loud here. I hear comments along the lines of, "jump in while interest rates are low/before they go up" all the time. I was wondering what the effect would be if they go up.
Always having be...
Hi all, I just wanted to share my thoughts and start a conversation on this subject.
In Hudson County New Jersey the average appreciation for the last 5 years has been around 3%, you could see houses for around 350k ...