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Updated over 6 years ago on . Most recent reply

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Michael Rodriguez
  • Investor
  • Pompano Beach FL
2
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8
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Wholesaling / property gains

Michael Rodriguez
  • Investor
  • Pompano Beach FL
Posted

Trying to structure a deal, but wanted help to answer a question. If a wholesaler was to buy a property. Would the owner have to pay property Gains? The reason I ask this. My girlfriends aunt owns a duplex and is thinking about selling it but doesn’t want to pay the property Gains. Me and two of my pals just started wholesaling so I was thinking maybe we  can do something?

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Well, she’d probably like to have an employer pay her $100k and not have to pay taxes too....but neither one of those is going to happen.

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