BP forums has alot of valuable info for you.You posted you are interested in multi-units.I am in Ohio and have been working on deals on multi-units in OH and IN.What states are you interested in?

If that were the case, then all profits, including cap gains would be hit with self empl. taxes.

Even though she sold it at a loss, she will end up showing a gain, for tax purposes, of over $9,500 due to the depreciation recapture.Yes, she got to write that off while holding at a rate higher than the 25% recapture but she is still in the hole with a real out of pocket loss and the earlier depreciation write offs consumed the entire loss at sale.Depreciation is still a good deal for an investor.BTW, many think they can just forgo taking the deduction while they are holding, for whatever reason.

I look forward to interacting on this site with all of you and hope I can be of help to others as I gain more experience.Ken

Can anyone give advice to me about gaining capital and moving forward in this game

Mine does and it is a very valuable resource.

The survey has been designed to gain better insight into the needs and wants of buyers' in today's market and to give buyers in New York a voice.

Perhaps they want to reduce their cap gains exposure by carrying a second, or perhaps they had enough equity, it was worth the cash flow on the note.

It's not the income tax that worries me so much as the cap gains tax and more than one person thinks it's possible as we had the largest post-election stock sell off in the history of the US.Then again, none of it really worries me.

I'm glad you found it to be valuable.