All Forum Posts by: Zaid Waheed

Hi,

I'm wondering how much does capital - gains tax affect your profit margins? If I hold a property less than a year and flip it is it just ordinary tax (federal income tax) on the profits? Just looking for some clarification on this topic.

Thanks for the input Frank. So if I held a property less than a year I would only pay ordinary income tax rate correct? That's what I thought just needed some more clarification.

Hi,

I'm wondering how much does capital gains tax affect the overall profit of a short - term flip. Just looking for some more knowledge on this subject since I've  heard it can eat a good amount of the profits.

Best,

Hi Heather thanks for the input. Yes I will do that. 

Hi Zaid Waheed here,

I found a property selling well under it's tax assessed value. I put an offer in and got the offer accepted. I put in an offer of 170,000 needing 30,000 dollars of repairs. The comps with have been selling for around 250,000. I'm looking for ways to finance the deal though. My credit is okay, but I don't really have enough in my savings to cover down payment, closing costs, or the rehab. Any suggestions on what the best route would be from here?

Thanks

Hi,

Is getting financing for a tenant occupied property different than buying a property w/o a tenant?

Best,

Hi All,

What is the best way to generate leads in the triangle area of NC. I am currently working with a real estate agent and have alerts set up. I’m not sure if it’s the best method though. All thoughts are welcome 

Best,

Hi,

I'm new to real estate investing, and am looking at different financing options. I came across Connected Investors, does anyone know anything about them? What the process is like?

Thanks

Hi Dawn, Yes please tag me in the coming meetup please.

Hi Jonathan,

That's correct. I am new to real estate investing and am seeking to get started. I want to start out flipping,  but ultimately buy and hold properties.