30 January 2022 | 2 replies
Plus, you get more depreciation on a larger loan, plus even more on the next house / loan, and you have no capital gains taxes to pay.
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31 January 2022 | 7 replies
Potential list price of $570k, but would have long-term capital gains.
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31 January 2022 | 6 replies
@Matt Foster For a 10 there are only 2 basic requirements...1) your replacement property must equal/exceed the sale price (less closing cost) of the property you sell2) you must use All the cash from property sale toward the replacement property.You can bring Additional cash to purchase the replacement property, no matter where it comes from.If buy a property for less than what you sold, the difference will be taxed as capital gains/depreciation recapture.
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30 January 2022 | 5 replies
Is there a way to minimize capital gain taxes for this transaction?
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3 February 2022 | 30 replies
From there it's all about assuring you continue to invest your gains into more assets.
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30 January 2022 | 0 replies
The best outcome is that I was able to take the knowledge I gained and buy another park in 2020, then increase the value of that property by $500,000+ in a single year.
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31 January 2022 | 2 replies
If I sell them the capital gains, agent fees, and depreciation recapture will take a large chunk of the profits plus I need to pay off the remaining mortgages.
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1 February 2022 | 1 reply
Hey BP Community -I purchased an 8-unit property in GA in March of 2021.
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31 January 2022 | 0 replies
Real estate is surprisingly stable. It has reasonable price appreciation and is also a good source of passive income—a profitable long-term investment. Real estate value goes up over time. It is not just thrivings, an...
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2 February 2022 | 4 replies
I'll have to pay capital gains on the stepped up basis from the time I inherited the IRA.