All Forum Posts by: Ravi Ramphal

“Learn , network , take action” mic drop. Thanks @Jon Kelly

Great advice! I’ve recently became a member, and I gotta say, this is one of the best communities I ever been a part of! 

Everywhere I turn it seems like people are getting into RealEstate. With so many people joining the industry, should I be worried about jumping in also?

Simply, is there enough opportunity left out there for the first that wants to jump in now?

A lot of pundits are claiming the next 30 years are going be insanely profitable. Do you agree? What factors support your answer.

Thanks for the reply Kyle!

You guys are awesome! Thanks so much for the info. 

Will I get hit with capital gains tax when selling a house I used a HELOC to purchase a rental home?

I currently have a home I bought for 500 K, upgraded it, and now it's worth 2.5M. Got a HELOC for 1.5M and used it to buy a home for 500k.

I want to sell the primary home (2.5m), will I pay capital gains on the amount I used on the HELOC?

@Dave Foster Thank you so much for the reply, what happens if I sell the primary residence and pay off the HELOC? Do I get hit with capital gains, due to the use of increased equity I used ?

Hi, I currently own a property that I would like to take a HELOC in to purchase investment property. Does this strategy avoid paying capital gains due to 1031 exchange ?