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I am an wholesaler who recently had a double close. i would like to know the following?
-Are my proceeds subject to capital gains tax?
-If so, What portion of my proceeds will be subject to the capital gains tax?
...
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I am an wholesaler who recently had a double close. i would like to know the following?
-Are my proceeds subject to capital gains tax?
-If so, What portion of my proceeds will be subject to the capital gains tax?
...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/23024/small_1673720691-avatar-oddproperties.jpg?twic=v1/output=image&v=2)
Investment Info:
Single-family residence wholesale investment in Waterloo.
Purchase price: $67,500
Cash invested: $7,500
Sale price: $90,000
Contributors:
Brandon Tauber
This was ...
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So I mentioned doing two offers like has been discussed some on the podcast to my realtor. You know, like make the offer of “a” or “b +closing”. A strategy Brandon has mentioned. But the realtor brushed it off and sai...
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Last year in September I purchased my first solo investment property. It is single lot with a SFH and a separate duplex on it. I purchased it for $96,000 and it generates $1700 a month in rent, with a 15 year mortgage...
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If you assign a contract, never taking ownership vs double closing, is there a difference in the way you will be taxed? If so, what are those differences.
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Can anyone in the Clarksville, TN area point to specific title companies who are willing to double closings and assignments? I've called around and it's like I'm speaking a different language whenever I query about th...
Hello fellow wholesaler i was wondering if anyone knows any Title Company in San Diego that has no problem on doing a double closing!I had trusted agent but he moved in Az, i`m all about trust and loyalty so i would l...
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My day started with getting ready for a trip tomorrow to Cancun. Fun, excitement and grand kids.... Then, I made the mistake of reading news reports and picking up the USA Today.
Front Page headline article "Cit...
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HI BP,Can someone recommend a title company & attorney that do double closing in Pittsburgh, without involving your own money?Thanks!