28% tax on precious metals gains?

If we decide to sell it at some point, I know that if we lived in it 2 of the last 5 years we don't get hit with capital gains.

Not a member of either but I think the Newbie Club is just a free get together they have once a week to serve as a mixer for networking.I'm interested in the process you used to gain 9 properties.

Look forward to meeting all of you, also gaining and sharing knowledge!

It may make sense to sell the property in 10 years and use the gains to buy 3 new properties in a better market.

That of course is an option for you to use if you buy ...Tenants are difficult to schedule showings with, and they are uncooperative at best, that's why smaller buildings will usually be empty when the banks sell.Try offering cash or gift cards to gain access to see the inside, and to get info about the existing lease terms.

I did buy a lower priced course (around $60) to gain access to some paperwork.

One thing weighing on my decision are taxes.If a single-member LLC owns a property, rehabs it, and sells it, are the profits deemed "business income" or "capital gains"?

Sounds like you really paid attention and are applying what you've learned.

And convenient for me as a lender because if the borrower defaults, I can put insurance in the lender's entity name with one phone call or email.They occasionally have growing pains, but so far, they have solved any problems once I bring it to their attention.