@Levi Caron There are several ways to make money developing real estate.  

HI, I was just trying the housing calculator out and I estimated 1.78% for excise tax on a Seattle home.

However, in this case, with an individual retirement account, instead of imposing an excise tax on the parties to the transaction, the Code provides that the account is no longer an individual retirement account, and it is treated as if the assets were distributed on the first day of the taxable year in which the prohibited transaction occurred.

Hello John congrats, I'm just wondering how you figure excise and capital gains into that 75 k profit and commission of both realtors approximately 6% $20,520 2% $6,840 excise tax  and capital gains 16,322.5 at 25% for short term since you owned for a short please explain unless I'm missing something thanks good job on the project just a little confused

You can expect taxes to keep rising here - the middle school just passed a $50M improvement levy that has yet to hit the books.

Doesn't the seller have to pay the excise taxes?

Levi T.you can try these resources:Corelogic market reports rental trendsRentJungle - Rent trends research tabLists rent trends going back to 2009 for major MSA's with some interesting rent comparison tools.  

Also keep in mind that every county in Florida requires that you pay Excise Tax or bed tax on rentals that are shorter than 6 months.

Hi @Jeffrey Dylan Levy, I really like Airbnb Automated's youtube channel and Live and Let Thrive the podcast, shout out to @Myka Artis.

I have one property in the Levy area and so far, so good.