Ew C corp

biggest tax burden

No I know but the tax rate on Corp is Dick.

rental income is treated differently

I’m in a height state income tax state so it works here. Don’t know CT tax law.

jam im gonna only tell you this once

but yea, when I sell, if there was to be major gain, some of that would play. Tax law is concerned with profit though

take an equity loan out on your property

totally not the issue here

have renters pay cash

deposit less than 5k per month

whats left over is yours to spread

Ron are you Russian?😂

equity loan is your wash machine

yea man, i dont pay taxes. asset stealthing is the name of the contractors game

bank doesnt care as long as you make the payments

2.5% I pay on 190k.

pretty gold, in that regard

pssssh then you good vro

dont let it get appraised for over 250 tho

im not. property value is property value

then you cant do 1031 exchange

housing market is housing market. I want out. I need out. there is no work worth doing here any longer. no one builds. no one improves

take a loss with either S Corp and funnel equity loan gains back into it via shared depotis in cash

Banks never check savings accounts

then bankrupt the corp, lol?

No

You exchange the asset for lower then appraised value, mark down the loss, take equity loan out on it

nvm. its cool man, Im not gonna go crazy here, just wanna sell out and leave

renters pay more thann the payments

yea, if I kept renting both id probably be fine

though, at some point, even renters are hard to come by

Cash is king

cash is king

Id even consider selling your personal home to the other S corp as a rental

then just live in it

after a year then you'll be in the clear

still dont really understand what you mean to gain by that, but it's whatever. I'd prefer not being a refugee, in any case.

When you're a builder, and you can buy a house around town built 10 years ago for less than half what it would cost to build it, it's pretty much over

that's where we're at

```Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC Section 1031 (a)(1) states:

“No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment, if such real property is exchanged solely for real property of like-kind which is to be held either for productive use in a trade or business or for investment.”

To understand the powerful protection a 1031 exchange offers, consider the following example:

Assume an investor has $400,000 in gain and also $400,000 in net proceeds after closing. Assuming an investor with a $400,000 capital gain and incurs a tax liability of approximately $140,000 in combined taxes (depreciation recapture, federal capital gain tax, state capital gain tax, and net investment income tax) when the property is sold. Only $260,000 in net equity remains to reinvest in another property.
Assuming a 25% down payment and taking on new financing for the purchase with a 75% loan-to-value ratio, the investor would only be able to purchase a $1,040,000 replacement property.
If the same investor chose to exchange, however, he or she would be able to reinvest the entire gross equity of $400,000 in the purchase of $1,600,000 replacement property, assuming the same down payment and loan-to-value ratios.```