Home flipping question

[mama_alludu]

Bought a townhome 9months back, now the price increased by $100k. Is it a good idea to sell it and take $100k profit, and go for rental in the same area same sized home.

[Android_Halwa]

4 minutes ago, mama_alludu said:

Bought a townhome 9months back, now the price increased by $100k. Is it a good idea to sell it and take $100k profit, and go for rental in the same area same sized home.

100k ante it may cover for 3 years of rent...with zero liability.

Not a bad idea though..

[phatposts]

After cap gains and seller fees - you make 50-55k max. 
Why do you want to sell it in the first place?

Can you get a new property for the price of your net costs?

[csrcsr]

9 minutes ago, mama_alludu said:

Bought a townhome 9months back, now the price increased by $100k. Is it a good idea to sell it and take $100k profit, and go for rental in the same area same sized home.

Nee real estate commision and fee will be on the home price emi migalavu bro

[MiryalgudaMaruthiRao]

10 minutes ago, mama_alludu said:

Bought a townhome 9months back, now the price increased by $100k. Is it a good idea to sell it and take $100k profit, and go for rental in the same area same sized home.

 

4 minutes ago, phatposts said:

After cap gains and seller fees - you make 50-55k max. 
Why do you want to sell it in the first place?

Can you get a new property for the price of your net costs?

 

[HugoStrange]

9 minutes ago, mama_alludu said:

Bought a townhome 9months back, now the price increased by $100k. Is it a good idea to sell it and take $100k profit, and go for rental in the same area same sized home.

remember that you have to pay 20% capital gains tax as this is not your primary residence. Also realtors ki oka 3 to 5% of total property value pothundi based on ur negotiation skills

[MiryalgudaMaruthiRao]

1 minute ago, csrcsr said:

Nee real estate commision and fee will be on the home price emi migalavu bro

+99

Anna Bay Area lo rates ela unnayi

[csrcsr]

4 minutes ago, MiryalgudaMaruthiRao said:

+99

Anna Bay Area lo rates ela unnayi

Mee dublin rocking beyond that so far prices aithe drip kaledu but many sellers listing home season kuda kada 

So commute, interest rate hikes etc might hit from.livermore mountain house travy river island might take hit anipistundi let's see

[MiryalgudaMaruthiRao]

1 minute ago, csrcsr said:

Mee dublin rocking beyond that so far prices aithe drip kaledu but many sellers listing home season kuda kada 

So commute, interest rate hikes etc might hit from.livermore mountain house travy river island might take hit anipistundi let's see

Pleasanton lo kooda 500K overbidding

[phatposts]

9 minutes ago, MiryalgudaMaruthiRao said:

Pleasanton lo kooda 500K overbidding

500k overbidding aaa?

insane man

[Kurrodu1]

29 minutes ago, mama_alludu said:

Bought a townhome 9months back, now the price increased by $100k. Is it a good idea to sell it and take $100k profit, and go for rental in the same area same sized home.

capital gain taxes takes major chunk of your profits. 

if you want to refinance and expand to more properties thats the way to go

[MiryalgudaMaruthiRao]

17 minutes ago, phatposts said:

500k overbidding aaa?

insane man

yes ba adi kooda 5 members vesaru over 500K na find 400K extra pettadu

[Guest]

58 minutes ago, mama_alludu said:

Bought a townhome 9months back, now the price increased by $100k. Is it a good idea to sell it and take $100k profit, and go for rental in the same area same sized home.

Wait for 2 years, you don’t have to pay any tax on the gains

[kasi]

1 hour ago, mama_alludu said:

Bought a townhome 9months back, now the price increased by $100k. Is it a good idea to sell it and take $100k profit, and go for rental in the same area same sized home.

if you dont invest again, you look at 30-40% capital gains taxes 

if you need money go ahead and sell it, if you dont just rent it out.......with inflation rents are gonna raise in the next few years 

 

[idibezwada]

you would have got it for 2.5-3% interest...with interest and inflation going high why do you want to sell?