So that moving from state to state would only work if they were more than 50 miles apart (with a few caveats) but my quick google map search shows they are pretty close together.To reduce that short term gain taxed at your ordinary income tax rate, I highly recommend finding all documentation related to the purchase to establish your basis.  

if he is licensed he should understand all facits of the business.. on an accounting side its ordinary income. when your in the business of short term lending.And on the legal side your partner should have that handled. 

So yes, you want to lock in a fixed mortgage at low interest rates sooner than later - but, not at the expense of an "ordinary" deal!...

so depending on your tax situation ( and most people don't ask this up front) you could sell and even break even but still have a pretty big tax bite that would be taxed at ordinary income rates ( I think ) .. so one really needs to think landlording through in detail.. no one mentions this I have been on BP now for almost 4 years and I have never heard one person talk about the exit and what is all involved.  

In Mtn View, landlords were adding charge station, USB charger, CAT 5E etc to get $3-4K for 2 BR unit/apt etc from 2K ordinary looking unit.

Hi everyone,I am British, living in Dubai, UAE since 2014.Before moving to Dubai I was considering investing in the UK, since then, changes to the buy-to-let regulations has made UK returns far less attractive, so the...

Kiyosaki's true genius is spinning 2-3 paragraphs of very ordinary (and banal) financial platitudes into a range of books.

Mine were not at least in the quick flips the opposite ordinary income.. if you hold the tract more than a year cap gain.. if you buy the tract in your Roth  ( which was not invented yet)  but you younger investors its there for you.all gains on investments in a roth are tax free.. but consult your accountant for accuracy.bottom line with Timber it grows lumber Is fairly consittent and has been for the last 30 years in value all though up right now.. and you make money because tree's grow.. you get more of it over time.. and in the right growing areas you get a lot more of it quicker.. you can't say buy the same tract of timber in  Eastern slope areas they grow much slower so returns are not as big over time.. this is why I prefaced it with PAc north west timber.. specifically the coast range from Eureka to Vancouver BC

The reason for this is because the IRS can argue and can potentially come in and say that you are a dealer in real estate and all your sales are considered ordinary income subject to self-employment taxes. 

However, these were all institutions and loan officers who are used to working with owner occupiers, who can be very cautious when dealing with a situation that is slightly out of the ordinary.