[...] unknown wrote an interesting post today onReal Estate Investing for Newbies « 4clicksHere’s a quick excerptI found an article that deals with some of the more basic concepts for beginning real estate investors… check it out at the following link… Real Estate Investing for Newbies For more reading on the basics, click on the following… … [...]

You have up to 3 years (exactly) from the time you moved to sell your ex primary residence TAX FREE, assuming that you lived in it for 2 years before you moved away. Price it right and offer a higher commission to a selling agent. It works.

You don't have to manage property yourself. Get a professional manager. It's not a 1039 exchange, it's a 1031 Exchange. You don't avoid taxes forever, you just defer them.

What's wrong with paying taxes if you have a long term gain, the tax rates arent that high. Selling the property could become the biggest mistake of your life. People have made fortunes by holding property long term

You're a decade late for that particular bogeyman.

you can be an investor and a real estate agent. if you buy a property as investment and you are an agent, it's yours. Your company will not let you invest their money unless you work at some kind of investment company. Also, if you are poor, you do n't want to be investing your money in real estate, you will want to be investing OTHER PEOPLE's money in real estate.
Contact me if you want to find out more.

-Angela

http://www.ratraceclub.com

Las Vegas real estate isn't going to be increasing in value anytime in the next 5-10 years. If you have the cash burning a hole in your pocket and you know that finding good tenants to rent to is going to be easy, and you don't need to see an increase in property values for a long time, then Las Vegas is great.

Real Estate can be a great investment, if you do it right. If you are going to be mortgaged up to your eyeballs without a property manager and don't know how to run the numbers correctly, it can be a complete nightmare.

Too many people forget to add in things like closing costs, mortgage interest, upkeep, utlities, HOA fees, property taxes, etc, and when they see a $10,000 return without counting all that, they get hooked. Then suddenly they don't understand why they aren't making their mortgage payments and dread that next property tax bill.

use the "Other" category

use the "Other" category

This review is from: The Beginner's Guide to Real Estate Investing (Paperback)

Gary Eldred's book, The Beginner's Guide to Real Estate Investing, provided for me a broad and comprehensible introduction to the world of the Real Estate business. From loans to Land lording, Mr. Eldred introduces techniques, formulas and a wealth of resources to help you find money, calculate risk and profit, maximize your investment and create wealth through an honorable, ethical and respectful business practice. I highly recommend this book to the beginners and the veterans alike.]]>

Yes, talk to your accountant regarding sale of primary / secondary residence.

The sale on duplex, you may have to bite, unless you convert it into another secondary residence (after the sale of the house at your former state).

There's great savings potential in planning these sales, talk to your accountant, as there are details here that you may need to know. Can't answer your question with limited detail.

Goodluck,