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Hi. First time posting in this discussion forum. Did some searching first and don’t think I see this particular question asked before. I have an investment property in CT and a primary residence in FL (and a couple...
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Hello fellow BPsI am looking for your thoughts on my current situation. I am selling a duplex I've owned for 9 yrs and it looks like I will be getting about $30K profit at closing. My questions is; Should I proceed wi...
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If a seller, who files taxes as "married filing jointly" and has owned their primary residence for over 2 years without any outstanding mortgage, wishes to sell their property for $750,000 and agrees to finance a seco...
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NV is still one of the hottest markets in the country appreciating in the range of 7% to 13%. See below:This map illustrates the top states for property appreciation rates year over year. Property appreciation is calc...
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For example, say you buy an $80k home with $20k down and spend $15k in renos. It goes up to $125k after a year of "seasoning", which is an increase of $45k. In newbie terms, what is the process of using that $45k incr...
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I am moving, and am looking to rent my current home, at least for a couple of years. There is a considerable amount of equity in the home. It has been my primary residence for five years. I have some questions at so h...
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I made my first real estate investment roughly 5 years ago, purchasing a 2-Family as my primary residence...living in 1st Floor Unit with my wife and we renting out the 2nd Floor Unit to tenants.
We're about to sell ...
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As I understand it, if you live in the house for 2 years out of the last five before you sold, you get to avoid capital gains tax, so long as you bought as a primary residence, but the IRS doesn't care if it's the fir...
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Hello.I’m closing on the sale of a property and have the option to roll over the gains into a 1031 exchange. I’ve identified a new investment and can use part of the funds to finance the new purchase. I can identify a...
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I am finally making my first post as I am preparing to make my initial dive into RE Investing! I currently own a SFP here in Indianapolis that I purchased 3.5 years ago for $190K. At initial purchase I rented out a fe...