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.```

```As the above example demonstrates, tax-deferred exchanges allow investors to defer capital gain taxes as well as facilitate significant portfolio growth and increased return on investment. In order to access the full potential of these benefits, it is crucial to have a comprehensive knowledge of the exchange process and the Section 1031 code. For instance, an accurate understanding of the key term like-kind – often mistakenly thought to mean the same exact types of property – can reveal possibilities that might have been dismissed or overlooked. Asset Preservation, Inc. (API) is your resource to obtain accurate and thorough information about the entire exchange process.```

we weathered it as long as we could, but now we gotta go, and if we sell, we will do it at about break even, which is to say at a total loss of roughly 3 years labor. Hard facts. No amount of shuffling ownership is going to prevent that without some kind of fraud. Anyways. gotta get back to the fruitless slavery that is my life.

catch you guys later, I suppose.

Not if you sell it to your business

and keep it

but im talking about moving somewhere that isnt super depressed

id have to remotely manage the properties

Id like to do what im doing here, someplace else. I cant have 4 houses. all my equity is in the 2 I have now

...unless im still not following you. we know all about rolling gains into the next thing. you get a one time forgiveness on sale for profit of your primary residence, too, though

Check your interstate commernce laws

one of your business could be "venturing"