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15 November 2015 | 5 replies
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16 November 2015 | 4 replies
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16 November 2015 | 2 replies
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17 November 2015 | 5 replies
@Eduardo Suarez As you engage with other realtors/brokers out there, you'll begin to separate the differentiate the brokerages that may be more of a fit for you.
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28 February 2016 | 3 replies
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16 November 2015 | 1 reply
@Logan HalliburtonThere are a few ways you could structure a retirement plan to engage in private lending transactions.The bottom line is that the retirement plan whether IRA or 401k is the investor making the loan, and the returns are tax-sheltered back into the retirement plan.
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18 November 2015 | 8 replies
My question is how the basis for each of the 4 properties is determined in the 1031 Exchange.To simplify the math, the original basis is 500K and Sale is > $1M with a net of $1M after costs of sale then the capital gain would be 500K assuming there is no capital improvements.If each replacement property is 250K then the basis would be evenly divided with 500K/4 = 125K each.Selling a 250K for the same price250K - 125K basis = 125K capital gain Fed Tax 125K * 15% Depr recapture 125K * 25KBut if the new properties have different prices: 100K 200K 300K 400K totaling 1M then wouldn't the basis' be proportionally calculated:10% * 500k orig basis = 50K basis20% * 500K = 100K basis30% * 500K = 150K basis40% * 500K = 200K basisLikewise the sale of a property would trigger additional depreciation recapture tax rate at 25% of the proportional amount10% * 200k = 20K 20% * 200K = 40K 30% * 200K = 60K 40% * 200K = 80K So, if I sold the 300K house for 300K then the Fed Tax @15% would be300K sale - 200K basis = 100K capital gain * 15% = 15K Fed Tax80K Deprec Recapture * 25% = 20KTotal Tax 15K + 20K = 35KGross Profit = 100K - 35K = 65K before State TaxesThanks, R I'm going to be honest and I'm sure both gentlemen here will agree with me there is too much liability about giving a direct number answer on a forum without engaging someone as a client.
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17 November 2015 | 3 replies
You may be engaging in activities that could potentially land you in trouble under either Federal or State law.
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22 November 2015 | 5 replies
I did mine in 8 session - Sat/Sun ...so depending on how you define a week...It cost though.....for the convenience....Superior School - NChttp://www.superiorschoolnc.com/class-schedule-reg...
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17 November 2015 | 1 reply
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