All Forum Posts by: Kish D.

Hey @Alan Sweeten, you're right; it really depends on one's portfolio. If the person has already good cash-flowing properties, adding a negative cashflow property in the mix (after carefully considering other aspects such as appreciation, equity etc.) could actually help offset some of the gains, regardless of their W-2 income. 

Regardless of income, passive gains will offset passive losses. Worst case, as you said, the losses will carry over (in case you didn't have any passive income for a given year) and will offset any gains (capital gains included) the following years. Of course, I am not a cpa or an expert in this, so take it with a grain of salt.

Thanks Guys! The property was built in 84.

Would you buy a HUD home that is well under market value and is listed as being in good condition by the bank but it appears there could be some water damage (looking at pictures)? I am planning to do some more due diligence and getting someone out there to estimate the cost etc. but wondering if anybody have experiences dealing with water damage (mostly advice on whether I should steer clear of these types of properties)?

Thanks!

A 1000 sq.ft condo that is worth 600K implies OPs expected selling price of $600/sq.ft 

Hello All,

I am new to the forum and to real estate investing! I'm from the north jersey area and looking to learn a lot here!