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I was under the impression that 2 years was an all or nothing rule for the capital gains exclusion on your primary, but apparently that's not the case. Does anyone know if this prorated system was just proposed or is ...
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is it possible to start with less then $1500? my husband saw something this morning about "pennies on the dollar" that said you could buy properties for $300-$1100 dollars or so.... I read some things on that particul...
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Dear Forum members,Is it more profitable to buy 12 apts each 2 BR and each priced at 100k or 4 duplexes in next 4 years each priced about 400k?I would be buying and holding as rentals. I prefer more passive income ove...
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Hello, I have the opportunity to buy my parent's home and flip it. My Dad passed away two years ago and my mom bought a condo shortly thereafter. My Dad spent the better part of 20 years meticulously renovating parts ...
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Hello BP community, I live and Sell Homes in San Diego CA. I stumbled upon this property, SOLD for $609,000 needed flooring, paint, kitchen and bathrooms (flipper refinished cabinets) then sold it for $709,000 two mon...
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I have been reading alot about taxes and 1031s but i never seem to see anything on how you pay yourself without having to pay the higher tax rates for gains and profits. My thoughts are that you can pay yourself of...
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heynot sure if this is the correct sub-forum but i'l give it a go. planning on buying a property, long term rental, all cash. now, say i have around 500$ coming in to my account every month (this is in theory, after a...
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I have a dilemma..I purchased my first house 3 years ago. The market is crazy as we all know. I'm a new investor and I have been looking to invest in a rental property (no success). After speaking to my realtor I lear...
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I'm not familiar with all the exchange guidelines. For example, if I were to sell a property and net $50,000 profit, could I elect to exchange $40K of the proceeds towards a new purchase, pay short-term cap gains on ...
would you ever do a flip where you arent getting that 20k profit?
basically i am wondering, that if i could not find a buyer because they werent making enough profit... could i flip it myself to just make 5k?...