All Forum Posts by: Tyler Kasowski

Quote from @Kirsty Hernandez:

I agree with Sean. My husband and I are new to investing - we connected with a seemingly very good real estate agent that we found off bigger pockets who has been sending us listings and I literally look on what's been listed on the MLS every day and can't find anything that will cash flow because of the current prices of homes and interest rate. In order to cash flow, we would have to offer a price extremely below asking. This is as a newbie too, we feel like we are turning our wheels. Going to follow this thread and see what other peeps have to say.

 Hi Kristy, my wife and I are in the exact same position. We want to jump in, but it feels foolish to willingly buy a property you know will not cash flow for several years.  

Thanks for the feedback.

Wow thank you so much Ashish! We would plan on it being a long term rental 5+ years. I don't mind paying taxes on what it might gain as an investment(rental). I want to avoid paying taxes on what it already gained while it was a primary residence(last 6yrs). Is there a way to do that? Does make sense? I don't want to make that 100k taxable.

Hello BP! My wife and I are ready to upgrade homes and want to keep our existing home for rental income. We have had a considerable about of appreciation(100k) on the home since we bought in 2011. When we do eventually sell it we want to avoid the capital gain taxes on the appreciation. Would it benefit us to transfer it to an LLC before we start renting? Is there anyway to start our tax basis at today's value not 2011 when we bought? Any help is much appreciated. We are very conservative investors and want to know we have. Way out if being landlords doesn't work out.

Russ- what's the 1% rule? Sorry I'm a newbie.

Hello all! My name is Tyler(30). I'm marrried and we are expecting out 2nd child in Jan. We have tossed around the idea of a investment property for years. We own a home(35%mortgage left). We are great savers and live within our mean. I have been investing in stocks, bonds and REIT for years. Taking the plunge into an investment home is daunting but we are aware of the upside potential. Any advise on how to get start? Any special formula in what to buy? Or how to evaluate options? I've read so much but don't have any real estate investor friends.