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All Forum Posts by: Jailen Holt

Jailen Holt has started 1 posts and replied 109 times.

Post: Just Closed a 240 unit Apartment Complex

Jailen HoltPosted
  • Real Estate Salesperson Licensed
  • Atlanta, GA
  • Posts 114
  • Votes 22

Absolutely amazing, Brian!

Post: BP newbie from Warner Robins Georgia

Jailen HoltPosted
  • Real Estate Salesperson Licensed
  • Atlanta, GA
  • Posts 114
  • Votes 22

Welcome to BP, Zack

Post: Searching for buyer Agent

Jailen HoltPosted
  • Real Estate Salesperson Licensed
  • Atlanta, GA
  • Posts 114
  • Votes 22
Hey Lamone Goodwin are you still searching for a buyers agent? If so, I would be more than happy to help you find exactly what you are looking for. I am a licensed agent for Keller Williams. Feel free to message me if you would like to discuss things.

Post: Looking for REI networking (Atlanta/Smyrna) GA

Jailen HoltPosted
  • Real Estate Salesperson Licensed
  • Atlanta, GA
  • Posts 114
  • Votes 22
I completely agree with you Jared Mastley

Post: Recommendation for "investor friendly" real estate agent

Jailen HoltPosted
  • Real Estate Salesperson Licensed
  • Atlanta, GA
  • Posts 114
  • Votes 22
I would be more than happy to assist you find properties that fit your investment criteria

Post: HVAC / AC repair recommendation in Atlanta area?

Jailen HoltPosted
  • Real Estate Salesperson Licensed
  • Atlanta, GA
  • Posts 114
  • Votes 22
Estes does a great job

Post: Belt Line Tour

Jailen HoltPosted
  • Real Estate Salesperson Licensed
  • Atlanta, GA
  • Posts 114
  • Votes 22
Darn how did I manage to miss this post :/

Post: RE lawyers/attorneys

Jailen HoltPosted
  • Real Estate Salesperson Licensed
  • Atlanta, GA
  • Posts 114
  • Votes 22
My firm here in Atlanta uses http://www.okelleyandsorohan.com/

Post: Tax on Gain from Sale of Real Estate

Jailen HoltPosted
  • Real Estate Salesperson Licensed
  • Atlanta, GA
  • Posts 114
  • Votes 22

Hey @Account Closed, and Welcome to BiggerPockets

So, the IRS and your state government  can tax the difference between the purchase price -adjusted for improvements you've made - and the sales price. If you sell the property you've owned for less than year, your capital gains tax rate should be taxed equal to the rate of your regular income. If you owned it for more than a year (One year plus one day and beyond), then the maximum rate that you will be taxed is 15 percent. Few laws may differ from state to state but IRS laws should remain the same.

I am not a lawyer, nor am I advising you on legal matters. To receive a more clear understanding and legal advice, please contact a local real estate attorney for matters related to these type of questions.

Post: New member from South Carolina

Jailen HoltPosted
  • Real Estate Salesperson Licensed
  • Atlanta, GA
  • Posts 114
  • Votes 22

Welcome to BiggerPockets, @Amy Bates. Glad that you've decided to jump in and join the community. 

You can find plenty of deals on BP. Head over to the Investor's Marketplace and start browsing. You might notice that a lot of the "good deals" are located out of state all over the country. If you ever decide to pursue any of these deals, be sure to network with other investors from that area to get their perspective on the deals.

Good luck out there!