Hey guys, I'm doing real estate investing. I'm buying my first house and I'm going to fix it up. Should I sell immediately for quick gains or should I rent it out?
Real Estate Thread
Hey guys, I'm doing real estate investing. I'm buying my first house and I'm going to fix it up. Should I sell immediately for quick gains or should I rent it out?
If you can’t make that decision on your own with all your information, then you’re not ready to be doing this with your own money. Work for someone else first.
that's pretty smart anon - i think the most money gain is smartest.
Yes, this OP. More money is usually better than less money. Therefore do whatever will make you more money.
Money good so do the one with more money, perhaps every time even
I'm gonna get a condo near the beach in LA
Uh. Have you been hanging around that area at all lately? It’s not doing too great. My buddy is desperate to move out of Santa Monica as there’s been a huge uptick in robberies and the homeless junkies are getting out of hand.
If only there was a solution...
I don't go to the Santa Monica pier, there's still plenty of time ch only areas
holy cuckshed.
https://www.zillow.com/homedetails/848-N-Roosevelt-Cir-Scottsdale-AZ-85257/7578177_zpid/
This house started at $600K and now it is down to $500K. I'm liking this.
Another house down $100k
https://www.zillow.com/homedetails/7023-E-4th-St-UNIT-101-Scottsdale-AZ-85251/7572925_zpid/
Here is another house that started at $700k and is now down to $600k
https://www.zillow.com/homedetails/1037-N-73rd-Pl-Scottsdale-AZ-85257/7581469_zpid/
Found a bag holder. Bought at $788k now they are selling at $717k.
https://www.zillow.com/homedetails/6744-E-Culver-St-Scottsdale-AZ-85257/7571645_zpid/
If you can sell it at the top and make money, then sell it.
If the market goes down, and you would lose money selling it, then rent it out and make money that way.
This guy is $10k from being underwater on his house.
He bought it in 5/20/22 for $490k and is now selling it today at $500k.
forgot the link
https://www.zillow.com/homedetails/7519-E-Fillmore-St-Scottsdale-AZ-85257/7582279_zpid/
you should live in it or fuck off
live in it or rent it out for at least 2 years so you don't have to pay capital gains tax
Oh no
This guy got fucked.
Bought at $550k in April and is now selling at $525k
https://www.zillow.com/homedetails/7519-E-Fillmore-St-Scottsdale-AZ-85257/7582279_zpid/
Do you have to pay capital gains tax? We have to hold property 5 years to avoid it, so I'm renting my place out to maybe sell then.
Buy it, live in it and fix it up, then rent it out after 1 year and buy another one. Repeat.
kys
Eh hehehe
Oh hohoho
Ah hahaha