There are some cases in our industry where the improvement portion of a purchase does not even count towards a taxpayer's 2 tax reporting year holding period.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Valdosta.

Short term capital gains is your ordinary income tax rate and long-term capital gains where you hold the property a year or longer is considered long-term capital gains is in as taxed a lower rate.  

Direct booking site to build your own brand and reduce OTA dependence Social media/marketing automation like Social Pilot, Jasper and Canva.Google Analytics GA4 tags on your website to harness your website traffic and build a growth plan based on client data.Adobe Firefly for text to picture, streamlining content creation. 

Our plan is to hold long term (10+ years) and likely pay it off in 5-10 years to act as supplemental retirement income which we plan to get to with a couple more properties paid-off in Tulsa eventually.Would you pull the trigger on these two properties based on our goals?

Investment Info:Small multi-family (2-4 units) buy & hold investment.

You want locking systems that keep water out of the cracks and a core that holds up well to water.

It is that rationale that has guided my thoughts on what I think is and will continue to happen with multifamily.Specifically, I think for most distressed properties, the banks are actually going to hold the property.

If you want to keep yourself 100% you will want to create a Holding company with an attorney.

Hello, I am building twin homes with the intention of holdings long term.