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27 July 2019 | 8 replies
@Taylor WhylingsIf you can document original intent to hold as a long-term investment generally the gain would be capital in nature and not ordinary gain subject to SE taxes.Short-term capital gains = holding period of one year or less = subject to income tax at your marginal tax bracket.Long-term capital gains = holding period of more than one year = maxes out at 20%.If you're subject to the next investment income tax (NIIT) add another 3.8% on top.Plus state income taxes as well.
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27 July 2019 | 4 replies
And because it was so helpful to me, I wanted to do the same for my children but I wanted to do it through incorporating real estate into the equation so that my kids could learn about real estate investing along the way.Here are the detail:Last year I created an LLC with my 9-year old daughter and we bought a house together in August.
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6 August 2019 | 35 replies
Most folks on BP don’t operate in areas where appreciation gains significantly offset the near-term value of cash flow value, so the natural answer you will receive is to sell the property.
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30 July 2019 | 6 replies
Do you have natural gas piping to your property because that is the least expensive way to heat with the exception of solar or some sort of rare underground thermal heating.
31 July 2019 | 15 replies
That is up to the investor's discretion.Having set up thousands of these and carrying out many conversations of this nature with investors and lenders I ensure you that it works.
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27 July 2019 | 5 replies
My son and I were having a real estate discussion this afternoon, and came up with a question that we weren't sure how to answer.If you have a rental house that is fully depreciated, and is then destroyed - natural disaster, fire, bulldozer, whatever - and then the land is sold, is the depreciation recaptured?
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17 August 2019 | 21 replies
I will try to incorporate something similar like that for my expenses.
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28 July 2019 | 7 replies
You can make money through cash flow, forced appreciation, natural appreciation over time, mortgage pay down, tax savings, and probably some other ways I’m forgetting.
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28 February 2022 | 1 reply
I’d like to incorporate the agent portion as another service for my current company but I’m wondering what others have done.
29 July 2019 | 3 replies
It's not really clear what you are actually asking, but your Corporation can refinance into a commercial loan for your corporation, and your LLC can refinance into a commercial loan for your company.You (a natural human person) and only you (a natural human person) can refinance into a Fannie Mae loan with money being lent (to a natural human person).