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9 July 2008 | 163 replies
The $100 isn't counted as cash flow because it is not passive income, you are actually working for that money.
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1 July 2008 | 15 replies
You would need to hold the property for some period, probably a year plus.If you're planing to just turn around and sell this quickly, its either short term capital gains or ordinary income.
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13 July 2008 | 19 replies
also, you would have to pay capital gains tax on that too correct?
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10 July 2008 | 3 replies
So, in essence I suspect these properties are "paying off" via some small cash flow today but your expected gain on sale could be many, many years away.
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16 July 2008 | 21 replies
I have since gained invaluable knowledge of the construction industry working as a General Contractor.
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14 July 2008 | 13 replies
They lowered the asking price significantly to gain interest (after trying to sell by auction).
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10 July 2008 | 7 replies
We have been passive landlords, but now that we're wanting to invest in other properties, it's time to get off of our duff!
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13 July 2008 | 43 replies
Predictable.If you are not comfortable with your ability to judge, ask your real estate agent or a real estate agent or other landlords in the area.For your closing costs, your prepaid interest & monthly interest, taxes and insurance are expense against your profits annually the rest are added to your "basis" , the value you use for capital gain or loss when you sell.Hope this helps!
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2 November 2008 | 9 replies
You are really not gaining much except aggravation, because I don't know how much Help-U-Sell actually do for you.
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25 July 2008 | 67 replies
So $55,000 could be 6 times itself or $330,000 in just one year.If you were to split all the deals for a year, you would still have $165,000 plus all the knowlege that you gained will help you continue earning your whole life.