Given our tax bracket, including tax savings when analyzing various real estate deals is critical in determining our ROI.

Here is the detailed information:A condominium was purchased by Person A on 11/01/1986 for $52,700.On 11/7/2015, a real property was quit claim deeded by Person A to Person B as a joint tenant with rights of survivorship and Person C as a joint tenant with rights of survivorship.On 11/17/2020 person A died.On 01/17/2023 person B died.Person C (myself) will be selling the real property.I need to determine what capital gains I owe on interests I held and then the additional stepped up interests I acquired through survivorship.My analysis is as follows:The timeline for ownership interests is:11/01/1986 Person A 100%11/7/2015 Person A 33.33%, Person B 33.33%, Person C 33.33%11/17/2020 Person B 50% & Person C 50%01/17/2023 Person C 100% The tax implications are:1.

Attorney's Secrets to Tax Lien Certificate Investing and Tax Lien Sales Auctions (theinformedinvestor.com)Does anybody know if this is a good course?

What do your property managers provide to you for your taxes if anything or you you keep your own spread sheet?

Can someone help me understand the tax implications if I sell the property before completing the 5 years and after 5 years. 

We are a double income earning family and bring in just under 10,000 a month after taxes.

Be sure to diligently evaluate potential properties through inspections, condition assessments, financial reviews, and property tax assessments.

Since we would be using the money in the same manner could we use a 1031 exchange to defer the gain income tax ?

Your “overhead” costs to buy & sell the house + holding costs, interest, property taxes etc, luckily these can be pretty easily calculated, many websites like closing companies will have websites where you can fill out information about a property and it will tell you the costs to buy & sell, loan costs are easily calculable, take your purchase multiply by intrest rate divide by 12, that’s your monthly expenses multiply by the number of months you project the to complete, a good rule of thumb is even cosmetic can easily be 6 months anything more complicated can be 9-12 though all that can very greatly.3.

Does that mean net cash in your pocket after interest, taxes, principal, insurance, repairs, maintenance, credit card fees, etc.?