Tough time to buy an investment property

[billandamy]

"If you are selling your house for medical or health reasons, be ready to document those reasons with a letter from your physician"

By a rental, see the doctor, buy a rental, see the doctor...I have a plan now ;-)

Or, make friends with a doctor.

Ouch! My ovaries hurt!

 

[Woody]

I may have an ignorant, pig headed approach to this, but if I use my mind/skills to turn a profit why do I owe Uncle Sam 15% of my profits? I make 20%, owe US 15% of that, 3%, so i only make 17%. yeah, you are right, I still turn a profit...but what if I can only make 5% profit...

When put into $ the weight falls on you to find the properties that stand the best chance of generating the big bucks.
From the capital gains standpoint % is % and in your example they are always getting 15%. That always leaves 85% for you and 85% of anything is alot.
If you find capital gains distasteful now wait till after Dec. 2010. My guess is things will get worse.

 

[mrsrobinson]

When put into $ the weight falls on you to find the properties that stand the best chance of generating the big bucks.
From the capital gains standpoint % is % and in your example they are always getting 15%. That always leaves 85% for you and 85% of anything is alot.
If you find capital gains distasteful now wait till after Dec. 2010. My guess is things will get worse.

Agreed, still pisses me off.

 

[Woody]

Agreed, still pisses me off.

It seems your letting the subject of tax % distract you from a more important %. That being the return on your investment.
It might benefit you to dust off the most important formula ever written.....I=PRT not E=MC2....and do some analysis of your realestate ventures. Would Uncle Sams capital gains tax really matter to you if you were getting a great ROI.