Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply
I Turned Down an Offer that woulda made me $201K
Today, I turned down an offer on my 16 unit multifamily building that would of made me $201,000.
Why? Because I believe the cash flow this building will kickoff will feed me for a lifetime.
And...30% in capital gains as tax and a $6000 prepayment penalty did not excite me.
1031 exchange may of worked, but, it sure is tough to locate a replacement property that would suffice.
Thoughts?
Most Popular Reply
Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
- 62,773
- Votes |
- 42,641
- Posts
Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
you answered your own question.. if your not in the flipping business and your in the landlord business and you know and like the building keep it then..
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners