Any tax is always on any GAIN (net profit).

Good Morning, Looking to network, gain Insight and have a great time.

You need to focus your attention on people with these types of situations.These people usually have serious issues that need to be solved.

If every year you end up with a net gain of only 3 or 4 paid for, $400/month rentals, you'll be f**ting through silk in just a few years.When you go to borrow $20K and realize that you're going to pay $4K IN C**P FEES, for which you get NOTHING, you'll come over to the "dark" side.There's an expression developed regarding the stock market but it's equally applicable to the RE market as well: "Bulls make money, bears make money, hogs go to slaughter."

It gains you access to the MLS, and you can collect part of the commission.

I pay close attention to what they select (remember, these are investors themselves), what they say about the property, the area, the rents the property will yield (I check the rents against what the PMs say - the PMs tend to be a little more cautious on pushing the rent numbers and if you weigh an additional month of vacancy against that extra $75 of rent, you will find a 1 year lease may break even for the vacancy holding costs - so I tend to price a little low for an area).

I actually have saved some investors from making bad decisions on certain areas I know would be a problem and by doing that I gained their trust so they go through me because they know I will deliver on my service.

It will be a way to buy properties and have no capital gains tax if held until age 59 and 1/2.

Most people want the attention and "so-called" respect that comes along with having nice things.

The 121 exclusion allows a homeowner to exclude up to $250,000 in capital gains from their income when they sell thier primary residence ($500,000 for a married couple).