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All Forum Posts by: Will Payne

Will Payne has started 6 posts and replied 13 times.

Tax Liens & Mortgage Notes

Post: Can anyone out there give me a definition of capital gains tax?

Will PaynePosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 13
  • Votes 2

@Michael Skoczylas Hey Michael,

Thanks for the response. I am just now getting in to investment real estate. My wife and I are going to start with a “house hack” living in the bottom floor of a large 3 unit house. When discussing why the current owner would be interested in selling (current owner owns 12 units in neighborhood) my agent mentioned that the reason was because of Capital Gains Tax. Haven’t talked with him about why just yet and thought it would be a good time to do my first post on BiggerPockets! I appreciate any input!

0 Votes
Tax Liens & Mortgage Notes

Post: Can anyone out there give me a definition of capital gains tax?

Will PaynePosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 13
  • Votes 2

@John Barrows great thanks for the advice!

0 Votes
Tax Liens & Mortgage Notes

Post: Can anyone out there give me a definition of capital gains tax?

Will PaynePosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 13
  • Votes 2

I’m wandering if someone out there can talk to me about capital gains tax and how that would come into play when owning investment properties? Would there be a time to sell and a time to hold based on capital gains tax?

0 Votes