Home › Forums › Closed Forums › Buying and Selling RE › To Sell a rental property?
- This topic has 25 replies, 4 voices, and was last updated 13 years, 10 months ago by
EJ.
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April 26, 2011 at 11:43 AM #689347April 26, 2011 at 12:49 PM #690082
JBurkett19
ParticipantThe rent is $1550 per month. After all expenses, including income tax, I take home about $150 per month.
I plan to either refi. my current house and use teh proceeds toward it, or just invest it in something relatively conservative.
Before any Cap. Gains or income tax, I’d realize about $100k, but around $60k would be the difference between original purchase price and sale price. I think this would be the amount taxable.
April 26, 2011 at 12:49 PM #689468JBurkett19
ParticipantThe rent is $1550 per month. After all expenses, including income tax, I take home about $150 per month.
I plan to either refi. my current house and use teh proceeds toward it, or just invest it in something relatively conservative.
Before any Cap. Gains or income tax, I’d realize about $100k, but around $60k would be the difference between original purchase price and sale price. I think this would be the amount taxable.
April 26, 2011 at 12:49 PM #690225JBurkett19
ParticipantThe rent is $1550 per month. After all expenses, including income tax, I take home about $150 per month.
I plan to either refi. my current house and use teh proceeds toward it, or just invest it in something relatively conservative.
Before any Cap. Gains or income tax, I’d realize about $100k, but around $60k would be the difference between original purchase price and sale price. I think this would be the amount taxable.
April 26, 2011 at 12:49 PM #689401JBurkett19
ParticipantThe rent is $1550 per month. After all expenses, including income tax, I take home about $150 per month.
I plan to either refi. my current house and use teh proceeds toward it, or just invest it in something relatively conservative.
Before any Cap. Gains or income tax, I’d realize about $100k, but around $60k would be the difference between original purchase price and sale price. I think this would be the amount taxable.
April 26, 2011 at 12:49 PM #690577JBurkett19
ParticipantThe rent is $1550 per month. After all expenses, including income tax, I take home about $150 per month.
I plan to either refi. my current house and use teh proceeds toward it, or just invest it in something relatively conservative.
Before any Cap. Gains or income tax, I’d realize about $100k, but around $60k would be the difference between original purchase price and sale price. I think this would be the amount taxable.
April 26, 2011 at 1:20 PM #689508EJ
ParticipantSo ballpark 80k after taxes. Annual income of ~1.8k.
1.8/80 = 2.25%
If you assume no appreciation or depreciation on the house (fair assumption for next few years I think), then if you can find an investment with a low-risk return greater than 2.25%, your money is better off there.
Just another way to look at it …
April 26, 2011 at 1:20 PM #690122EJ
ParticipantSo ballpark 80k after taxes. Annual income of ~1.8k.
1.8/80 = 2.25%
If you assume no appreciation or depreciation on the house (fair assumption for next few years I think), then if you can find an investment with a low-risk return greater than 2.25%, your money is better off there.
Just another way to look at it …
April 26, 2011 at 1:20 PM #689441EJ
ParticipantSo ballpark 80k after taxes. Annual income of ~1.8k.
1.8/80 = 2.25%
If you assume no appreciation or depreciation on the house (fair assumption for next few years I think), then if you can find an investment with a low-risk return greater than 2.25%, your money is better off there.
Just another way to look at it …
April 26, 2011 at 1:20 PM #690265EJ
ParticipantSo ballpark 80k after taxes. Annual income of ~1.8k.
1.8/80 = 2.25%
If you assume no appreciation or depreciation on the house (fair assumption for next few years I think), then if you can find an investment with a low-risk return greater than 2.25%, your money is better off there.
Just another way to look at it …
April 26, 2011 at 1:20 PM #690617EJ
ParticipantSo ballpark 80k after taxes. Annual income of ~1.8k.
1.8/80 = 2.25%
If you assume no appreciation or depreciation on the house (fair assumption for next few years I think), then if you can find an investment with a low-risk return greater than 2.25%, your money is better off there.
Just another way to look at it …
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