All Forum Posts by: Gabrielle Martin
Gabrielle Martin has started 11 posts and replied 67 times.
Post: Do you prefer an Airbnb or a hotel when traveling?
- Rental Property Investor
- Los Angeles, CA
- Posts 73
- Votes 55
Airbnb if its a group trip (shared space + privacy from public = more fun).
Hotels if traveling solo.
Post: Capital Gains Tax Surprise
- Rental Property Investor
- Los Angeles, CA
- Posts 73
- Votes 55
Originally posted by @David Hutson:
Yes, they want their money. Since the other three units were not your primary residence capital gains would apply.
Congrats on the sale and hopefully you still made some money.
Yeah luckily its still a 6-figure profit. It just hurt a little. LOL
Post: Capital Gains Tax Surprise
- Rental Property Investor
- Los Angeles, CA
- Posts 73
- Votes 55
Recently closed a sale on my fourplex and was surprised to see I still owed capital gains tax on the 3-units I didnt live in. I've always been told theres no capital gains tax on your primary residence after 2 years if the proceeds are under $250K so just want to give a heads up for anyone who's selling to look into their local tax laws.
I definitely couldve looked harder, but lesson learned!
Post: Heading to Sacramento
- Rental Property Investor
- Los Angeles, CA
- Posts 73
- Votes 55
@Jake Leicht this is awesome! It’s good to here someone’s been successful in that area.
I’ll keep you in mind if I ever find an extra property. Do the same for me!
Post: Heading to Sacramento
- Rental Property Investor
- Los Angeles, CA
- Posts 73
- Votes 55
@Logan Vierstra Hi Logan! Our company’s looking for fixers in Sac area... Single Family for now.
Also, in need of a reliable GC who we can hire for the whole process (From estimate to rehab)
Know anyone?
Post: Heading to Sacramento
- Rental Property Investor
- Los Angeles, CA
- Posts 73
- Votes 55
@Gerald Donaire Hi Gerald! Congrats on the house hack! We haven’t done deals in Stockton yet. My current experience is buy & holds in Los Angeles and Cleveland....
Post: Heading to Sacramento
- Rental Property Investor
- Los Angeles, CA
- Posts 73
- Votes 55
@Josue Rivera Haha I should be offended by this bc I’m from Stockton but I totally get it :)
Post: Where are the Sacramento, Rocklin investors?
- Rental Property Investor
- Los Angeles, CA
- Posts 73
- Votes 55
Hi everyone, Hoping to meet investors, wholesalers, and contractors in the Sacramento area. We'll look into those meet ups in the meantime.
Post: Heading to Sacramento
- Rental Property Investor
- Los Angeles, CA
- Posts 73
- Votes 55
Hi BP Team!
My group is doing flips in the Sacramento and Stockton area and we’re building our team!
CALLING ALL:
Wholesalers
Hard Money Lenders
Real Estate Agents
Contractors
Interior Designers
Let’s network!
Introduce yourself and your business in this thread.
Post: Stay at Home orders extended through May 15
- Rental Property Investor
- Los Angeles, CA
- Posts 73
- Votes 55
Originally posted by @Ricardo P.:
@Gabrielle Martin give a tenant that much money. Tell them they are protected from being evicted. What do you get? A sobbing story about how they aren’t working. And I haven’t received any checks from unemployment and stimulus.
Specially in the city you and I invest in.
The only profitable people here would be Mercedes Benz and BMW. One of my tenants just got a new BMW in my south Central LA investment . But hasn’t paid rent.
Yikes. Yeah I'd be livid... This makes me wonder what documents are we allowed to request to ensure Tenants are actually unemployed due to covid and are approved for UI payments. In theory, if they still don't pay, that documentation is leverage.