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Hello all, my question is pretty basic but I cannot find a good answer online.
How much will I pay in capital gain taxes?I have a triplex that I bought for 200k 6 years ago, I refinanced to take cash out and now I o...
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Are there any multifamily investors in the Minneapolis area that are currently doing deals with 10+ unit buildings? I would like to meet investors in the area as well as learn how to get started in multifamily. Also n...
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So I received an unsolicited call today from a neighbor of one of our rentals. He sees our tenants moving out today and wants to know if we are willing to sell him the house. I told him yes but I would have to see how...
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Two weeks ago I closed on a distressed large SFH in a small town 1hr from me. My plan was to rehab and resell as a SFH. Now I've learned there is good potential for converting it to a triplex. It's a 2300sf two story ...
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Say you have a profit of $30K a year and you have invested into your home as much as you would like to, for now. So you don't want to just put the money back into the house.What is the best way to pay yourself that 30...
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HelloI have been listening to a lot of podcasts that talks about doing a Quitclaim Deed to transfer a property from personal name to an LLC for asset protection purposes. I am interested in doing it, however, I am con...
Hello All!I'm looking at purchasing a property subject to an existing Deed of Trust.(I'm bidding on the second position) The owner passed away in early 2019. There was a Notice of Sale on that DOT posted in February 2...
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Hey guys. My wife and I have been married for 1 year. My wife is someone who takes convincing to take on risks and I understand her concern since my tendency is to pursue things feet first and go after it. She is okay...
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Hi. I am planning on selling a rental property in 3 months. I am trying to determine how much tax I would be responsible after sale. One thing I am not sure about and I can't seem to get an obvious answer is: are yo...
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A little over 4 years ago I purchased my first property: a 3-flat in Chicago for $305,000. In Logan Square - now one of the hottest real estate areas in the city in terms of %increase in value and %increase in home s...