Jefferson Mcvicker
House flip capital gains
I’m planning on to flip a house later this year. When I profit from a flip I know I have to pay the capital gains, is the tax paid at closing? Or do I pay the capital gains when I do my taxes next year?
Peter Lai
400k. Long distance BRRRR
-I’m from San Jose, CA-I have 400k to invest-Goal is to reach 10+ multifamily units-looking for other long distance investors -looking for connections -looking to network-possible areas of interest: —Columbus Ohio—Lou...
Ravi Patel
First Investment Property/HouseHack Advice Needed
Hi! I am looking to purchase a multifamily home in central/north jersey while living in one of the units. I am considering anywhere really between Bergen county to Plainfield. I am considering 3/4 unit homes as those ...
Leo McDonald
Is it common practice for restaurants to sell for cash only?
Why is it a lot of listed restaurants in the Portland area say cash only purchases?
Alex L.
What's next? Looking for advice/ideas!
Hi everyone, I'm looking for some advice/ideas on I should do next. Here is where I'm now.-Started flipping condos since 2012 and have done 12 deals so far.I exclusively buy condos around city downtown and the average...
Collin Maas
Removing Old Vinyl from Maple Floor
I found some good looking maple flooring under the old vinyl in the kitchen of the SFR that I'm remodeling. In most locations it came right up. There is a section in the middle where the stuff is really stuck down. I ...
David Braun
Non Refundable EMD (in Multifamily)
Hi all! I recently lost a deal I was trying hard to get. We were one of the top two offers but we lost it when the other party offered non refundable EMD. I know this is very common, just wondering how to deal with th...
Account Closed
What can i do with 200k -300k?
Hello to all. I just got my real estate license and and I'm very eager to get my foot in the door in this real estate game. Buying, holding, flipping, fixing etc. I am currently selling my business which is a deli and...
Cory Clement
Raising Rents faster than yearly?
New investor with newly acquired 3 duplexes that are all renting below market. Curious on insight from experience on the best way to raise rents. Open to all thoughts as I get ready to send new leases. Looking to get ...
Erika Collins
Do you test for lead paint when flipping a home?
Hello everyone, I'm doing my first flip on a property built in 1973. We are under contract (in the due diligence period) and trying to decide if we need to have a lead paint test done. I've read on some threads that t...