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If I owe $350k mortgage and I take out $100,000 HELOC and spend it on say a 6 month CD,
And then I sell the house for $700k
I would only have $250k profit right? Then I’d avoid capital gains tax in Massachusetts?
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Hi everyone.I am having trouble estimating the ARV for the BP rental property calculator. Basically, I am not doing a flip, the house does not needs fixing (or at least that is what I think). Therefore, I would assume...
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If I know I'm going to have capital gains , would it be best to spend the money that's going towards tax on the gain or spend the money on capital improvements to bring up the cost basis?
How do I get a hostile redemptioner who refuses to work with me to pay for clearly justifiable preservation improvements done up to the point of redemption?
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When updating a property for a rental, what do you feel is a reasonable time frame to get back your improvement investment.Example:If I have a property that I can rent for $1,000 a month, but by spending a bit more, I...
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Honestly, I needed number 1 the most when I started investing in real estate. I may have been able to save about 3 years of trial and error in the beginning. Share your thoughts in the comment sections .1. Improve Suc...
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I have a few question about how prices for Land and Additions are changed post sale. Say there is a property listed for $975,000. Based on its most recent tax statement it showsLand : $18,445Improvements: $80,666.001....
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@Mark I'm typically a buy-and-hold investor and purchase foreclosure properties, renovate, and rent (BRRRR strategy). Generally, there's a significant initial renovation (capital improvement) which on my analysis spr...
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Hello, I am trying to determine whether the interest on a cash out refinance for an investment property is tax deductible. I know on your home if you do a cash out refinance that you have to spend the new delta of loa...
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My credit score is stuck at 670. I have a $2k limit and only spend $75/month. It’s on autopay as well.How can I increase this?