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30 September 2024 | 47 replies
Not to mention if you profit $10,000 or $20,000, you have to pay capital gains tax on it.
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3 October 2024 | 17 replies
Thanks that will help I’m gaining some contacts and want to reach out to them to see who I would want to work with.
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30 September 2024 | 9 replies
Since you’ve already gained experience with partnerships and deal structuring, those skills will serve you well in any path you choose.
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22 September 2024 | 4 replies
If we wanted to sell it now, would we pay capital gains tax since we transferred it to our business?
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27 September 2024 | 16 replies
First thing I see is you're close to hitting the 2 years OO for a tax free sale on any gain...obviously you don't currently have any gain, but if you can wait it out then any future gains would be tax free...it gives you some wiggle room later.
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30 September 2024 | 9 replies
Also your capital gain is lowered the more you bonus.If you are going to accelerate you need to really consider how much personal property there, how long you're going to hold it, any offsets available, alternative transaction structures like installment sales or even delaying it a year.Publication 5653 (6-2022) (irs.gov)It lists four more including the ones below.The detailed engineering cost estimate approach (or detailed estimate approach) is similar to the detailed cost approach.
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1 October 2024 | 29 replies
If you do not sell all units you can benefit from the capital gains tax.
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28 September 2024 | 3 replies
I gained one additional renter, adding $800 more monthly rent income, and we build approx $40-$50K of equity.
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30 September 2024 | 21 replies
Some people say that is not the 'fastest way' to gain wealth in RE is to highly leverage and go big.
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26 September 2024 | 0 replies
Rent growth had the most gains in 2022, but 2024 has seen modest gains.