He used to move every two years and take that tax free residential gain.

For anyone willing to share, what do you typically profit (after all fees, not including capital gains) make on a single family home rehab with an ARV of say 200k?

In many cases, a partial 1031 exchange may still defer a portion of the depreciation recapture and/or capital gain income tax liabilities, unless the Investor is trading too far down in value.Installment Sale Treatment Under Section 453 In the case of a failed or partial tax-deferred like-kind exchange transaction, an Investor may be able to defer his capital gain income tax liability into the following income tax year rather than the income tax year in which the relinquished property closed.Investors should not forget to take depreciation recapture into account.

After gaining great education I moved to Jersey City and I rented a decent apartment in a house on top floor in affluent heights area of JC.My landlord told me and is part of lease agreement that heat and hotwater included, now after staying here for 4 months we had heating started in the month of October and my utility bill jumped from average 40 dollars to 250 dollars a month.

Section 453 (Installment Sales) allows investors to avoid the bulk of capital gains taxes ordinarily due on the sale their investment property.

I just stumbled across this awesome site today and decided to sign up.I'm looking forward to gaining new knowledge from all of you, as well as doing my part and contributing to the pot of knowledge.Oh, and I'm also looking forward to making boat loads of money in 2007 and beyond!

And every time they show the Gain, it is gross, not net of real estate commission (Montelongo's seem to have their own real estate licenses as well as mortgage license), closing costs, stamps on the deed and mortgage, etc.

If you sell it after 1 year then you will be taxed at the long term capital gain rate, which if I remember correctly is 15%.

I have been reading all of the forums working my way back and I have already gained so much information but nothing beats hands on work.

Also, as you start going through the process, pay attention.