Roque Miranda
Looking to BRRRR in AL
Hi All, I'm interested on investing in Montgomery Alabama, I'm flying there this coming Thursday, hopefully any of you are there to point me in the right direction.
Kevin Macdonald
max out HELOC buying other properties then sell property
I am almost finished rehabbing a property. The property is a very nice house I will have tons of equity but due to high tax area I really won’t be making anything on rent. The rental income will basically pay for u...
Kalanie Tran
Should I buy rentals now? Or wait for market to cool down?
I want to ask your opinion on which strategy to take to increase profitability I’m thinking if I should sell my CA rental now before I have to pay capital gain tax Cuz I’ve only rented out 2.5 yrsStill within that 5 y...
Steve Buchanan
Can I pay off line of credit in 1031 exchange?
I have a property that is held in a LLC that I'd like to do improvements on. I also have an unsecured business line of credit for the LLC/business. If I use the line of credit to make improvements and then decide to s...
Victoria Redlin
Ideas on timing coordination for exchanging investment properties.
I have a rental home. It was recently re-rented it on a one year lease. I'd like to exchange it for an investment home closer to me. It seems like the timing doesn't work out. I don't find the replacement property unt...
Account Closed
Worried about declining property values?
Lets say you can purchase property at a "nice" discount under retail value, as in 20-40% under market value...simply being in the right place at the right time. Ok, its a bargain. Now, if you intend to lease this pr...
Eric Medemar
MoneyMaking Negotiation Strategies
There is an old saying “You don’t make your money when you sell the home, you make your money when you buy”. From my experience that statement is about 50% true. Your ability to negotiate can end up playing a huge r...
Jessica Wygal
Would you sell or continue to hold?
Ok its no secret this is primarily a sellers market that we're in and I need to know if I should sell or continue to hold. Details:3/2.5 and 2 car garage, 1956 sq ft. in Cypress, Texas.Purchased in 2016 for $176k, 3.2...
Anna Smith
Depreciation recapture ... really?
We became accidental landlords ten years ago. It has been a terrible investment. We are thinking of selling it and am embarrassed to admit I didn't know about depreciation recapture till recently. WTH?
We would now...
Neal Collins
Keeping money in my pocket vs. paying the tax man
Is there any way to avoid paying personal income tax when flipping a house?Could you hold it for longer than 365 days and only be subject to longterm capital gains tax?Alternatively, could you fix it up and call it yo...