Hello Josh Green in Tampa, you are like the guys on GYLDgang.com who are comparing the Cost and Yield and monthly or quarterly Dividends of the YLD type ETF's.

You will pay tax at ordinary income rates to NY State, that's for sure.   

Most taxing bodies tax at least 1% of value. 680k*.01=$6800 per year.

As you can see, FHA make up more than a quarter of the loans hence people are closing.

These data—unlike our previous metrics—do not yet display evidence of explosiveness in the third quarter of 2021.

A focused strategy of buy/fix/sell/repeat would expose the IRA to taxation that negates the benefit of deploying the IRA into the opportunity.  

If they did, there are a lot easier ways to make a profit on that knowledge than buying or selling real estate.Financial obligations (bank payments + rent) as a percentage of disposable income is at a 40-year low.Although commodity price inflation has been severe, prices are just getting back to 2014 levels.The average household wealth of the bottom 50% of households is at a historic high...there is no comparable period whatsoever.If you back out real estate gains, net worth is over 100% higher than pre-pandemic levels for the bottom 50% of households.Bank deposit balances of the the bottom 50% are $10,000+ and $3,000 above pre-pandemic levels, and kept increasing in 4Q21 after 3 quarters of increasing inflation and lower fiscal support payments.Government unemployment insurance benefit payments have trended to near zero.Nominal wage growth for the lowest income quartile is growing at the same pace as inflation.2020 had large gains in real wage growth; so, even though real wage growth is severely negative for the past year, the 2-year trend is break even.If real wage growth is -1%, it would take ~6 years to burn off the excess savings of the average bottom 50% of households. 

Welcome to the second quarter of Utah’s favorite game “NAME.THAT.MARKET!”

I’ll be putting on a “dirty shoe walk through” event in the next couple of weeks at one of our projects and the next Wealth Bomber event will likely be in 2-3 months (one/quarter is the goal).

Hi all, I have this rental in New Jersey which I have to renewal the lease because by law I have to renew the lease and up to 3.5% rent increase ( yes New Jersey landlord law sucks)But she has been smoking on the unit,water bills doubled last quarter, keep lying about things, I can’t legally kick her out.