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When purchasing the “replacement” property, do we need to purchase a property equal to or more than, the Capital Gains or the Net proceeds?Sell “relinquish” property: $287kLoan balance: $115kCommission, fees: $15kPur...
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Investment Info:
Single-family residence buy & hold investment in St. Louis.
Purchase price: $61,700
Cash invested: $6,000
After failing miserably on my first deal and losing thousands of dollars...
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I have a house that was my primary residence, I moved out of it for about ten years and rented it. I moved back into it last year and my CPA says I have to pay taxes on the depreciation I took the years it was a renta...
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So much required for security deposits, it is a bit of headache for something that doesn't generate revenue.Depending on State you might need to deal with:Separate bank accountInterest PayableReturn on timeSend all in...
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I am in a little bit of a holding pattern with the city pretty much locked down from the pandemic and considering my options. I am in the process of renovating a 3 story rowhouse in the point breeze area that I’ve ow...
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Looking at buying my first rental I have about 15k saved up. Just wondering best ways to go about buying a property? What to look out for? Any tips to save money when doing rehab? I'm new to all of this
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Hello BP!
Here is the dilemma. I have a 5 bed 3 bath house hack in Colorado that I just got done renovating and I am renting it out to tenants next month. The unit has a nice Goodman HVAC unit in the basement but d...
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So I spoke with my lender today and they informed me I had used a majority of my equity from my properties. However, I just renovated two properties in order to have them refinanced to gain more equity for more purcha...
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Before I go any further, I am being facetious (i.e. - funny and not to be taken too seriously) when i write that title!
I have posted some crazy examples of poor marketing on here before from people using article spi...
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My goal is to flip this to a wholesaler if I can.
Property owner reached out to me off one of my signs.
Property Details: 3bd/2a, in a good neighborhood
Asking Price: $115K
Recent Comps are ...