Message from @7alon

Discord ID: 509721226734993418


2018-11-07 13:25:22 UTC  

you make a profit, you either call it profit, or spend it on something for the business and call it expense or an asset for depreciation....

2018-11-07 13:26:29 UTC  

that's why if you're running a shell holding company, or even if you arent, for that matter, when you sell a house at a gain, if you roll it into another like asset, you're just expensing the profts, or, in effect, placing them ina company asset for depreciation, which is the same thing

2018-11-07 13:27:03 UTC  

you still only pay taxes on things that make a gain, and cant gain by losing.

2018-11-07 13:27:25 UTC  

nor by breaking even

Take the equity loan out for the S corp to buy the home, 1031 exchange it from LLC to S Corp, Use equity loan to "pay construction company" for XYZ services. Excess cash is tax free income

the 1031 exchange is your muscle

It was created during the bubble and for w/e reason hasnt been modified since

2018-11-07 13:29:07 UTC  

ron, I wish you were making sense, i really do

2018-11-07 13:29:26 UTC  

Sing Swan! Your picture really highlights a wise real estate titan. He makes sense.

2018-11-07 13:29:40 UTC  

see ron

2018-11-07 13:29:44 UTC  

I tried to tell you

2018-11-07 13:29:46 UTC  

he is a retard

I would start with the 1031 exchange as your out

2018-11-07 13:29:53 UTC  

youre a fucking faggot dude

2018-11-07 13:29:57 UTC  

i do this shit for a lliving

then look at equity loan to wash it

2018-11-07 13:30:02 UTC  

cool

2018-11-07 13:30:04 UTC  

so do dr's

2018-11-07 13:30:07 UTC  

that have no clue

2018-11-07 13:30:10 UTC  

what they are doing

2018-11-07 13:30:17 UTC  

eadc

2018-11-07 13:30:24 UTC  

idk probably trolling strangers over some nonsense

2018-11-07 13:30:27 UTC  

or not

2018-11-07 13:30:32 UTC  

eiter way fuck off

2018-11-07 13:30:35 UTC  

kindly

2018-11-07 13:31:49 UTC  

there's no equity

2018-11-07 13:32:08 UTC  

maybe 20k i could pull out, over cost (owed)

2018-11-07 13:32:56 UTC  

on my personal home, i owe 130, could probably draw 50 on that (meaning bamk assessment of something like 210k)

2018-11-07 13:34:09 UTC  

the remodeled house im selling im into for 225, listed for 270, would take 250, bank would probably value at 235- 240 (for 2200 sq ft colonial, like new condition, high efficiency everything).

2018-11-07 13:34:13 UTC  

where's the equity?

2018-11-07 13:34:51 UTC  

...if youll pardon my persistence. Not trying to call you out or anything, just, feel like you're missing the tragedy here.

2018-11-07 13:34:56 UTC  

and there is one

2018-11-07 13:35:46 UTC  

really do have to get to work though, enough pitty time... ron, follow up in the DM's if you think there's something im still missing

Just do a full dive into the 1031 exchange and ask your FA about it if you have one. There's alot you can do with your sitch but I gotta get back to my day job for now @jman

2018-11-07 14:24:38 UTC  

Looks like we caught us a Pelosi fish.😭👏🏻👏🏻👏🏻

2018-11-07 14:24:54 UTC  

These people are stupid.

2018-11-07 14:27:07 UTC  

she probably smells like rotten fish <:trumptroll:497946854642941953>