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All Forum Posts by: Thripura Vemireddy

Thripura Vemireddy has started 20 posts and replied 63 times.

Post: Monthly Northern Atlanta Real Estate Meet Up/Mastermind.

Thripura VemireddyPosted
  • Flipper/Rehabber
  • Alpharetta, GA
  • Posts 64
  • Votes 19

I am in.

Thanks for setting up.

Post: Capital gains tax on a Flip home - sold after one year

Thripura VemireddyPosted
  • Flipper/Rehabber
  • Alpharetta, GA
  • Posts 64
  • Votes 19

I bought a home and renovated it and sold. It took me more than a year between Purchase, Renovate and Sell. Still got some profit.

What would be my tax rate? 

Long term capital gains or short term capital gains?

I would appreciate the response.

Thanks

Thripura

Post: Abandoned car at our rental property ?

Thripura VemireddyPosted
  • Flipper/Rehabber
  • Alpharetta, GA
  • Posts 64
  • Votes 19

Thank you all for you suggestions.

I called a towing company, who has a required licenses to tow the unauthorized vehicle.

Looks like they come and put the notice for at least 24hrs,  before towing.

Thanks

Post: Abandoned car at our rental property ?

Thripura VemireddyPosted
  • Flipper/Rehabber
  • Alpharetta, GA
  • Posts 64
  • Votes 19

Yes, It is on my rental property.

Post: Abandoned car at our rental property ?

Thripura VemireddyPosted
  • Flipper/Rehabber
  • Alpharetta, GA
  • Posts 64
  • Votes 19

Hi

My tenants have informed me that, there is a car in the parking lot for the last one week, none of the tenants own the car. I called the cops and they came and checked. They said it is not a stolen car, so we don't do anything as it is on a private property. They told to tow it.

What are my next steps to Tow the car away from there?

I appreciate your suggestions.

Post: Cabinets and counters in Atlanta / Decatur

Thripura VemireddyPosted
  • Flipper/Rehabber
  • Alpharetta, GA
  • Posts 64
  • Votes 19

Try this store, we got some from there.

5715 Oakbrook Pkwy # A, Norcross, GA 30093

http://jk2kitchenbath.com/

Post: Rental property loan period

Thripura VemireddyPosted
  • Flipper/Rehabber
  • Alpharetta, GA
  • Posts 64
  • Votes 19

Hi

I see lot of people talking about the rent being  either 1% of the sale price, 50% of the rent going to PI.

Iis it more appropriate for a 30 year loan?

Is going to 30 year loan best for rental propeties?

Thank you in advance for the people going to reply.

Thanks

Thripura

Post: Investment Criteria

Thripura VemireddyPosted
  • Flipper/Rehabber
  • Alpharetta, GA
  • Posts 64
  • Votes 19

@jace mattinson

I am relatively new, I would like know,

Is there any preset criteria(approx)  to categorise the area to be A,B,C,D?

Post: Atlanta Meetup @ Home Depot Corporate Office

Thripura VemireddyPosted
  • Flipper/Rehabber
  • Alpharetta, GA
  • Posts 64
  • Votes 19

@Andrew Cordle 

I will attend.

Thank you

Post: Bigger Pockets Atlanta Group

Thripura VemireddyPosted
  • Flipper/Rehabber
  • Alpharetta, GA
  • Posts 64
  • Votes 19

I am interested in attending, hopefully in the weekend. Waiting to meet all these nice people in person.