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  Topic: What exactly is like-kind exchange?
ukrkoz

Replies: 9
Views: 6601

Post image iconForum: Real Estate   Posted: Sat Jul 25, 2020 2:52 pm   Subject: What exactly is like-kind exchange?
I got it figured.
We will have to pay capital gain tax from proceeds less base cost amount plus, as property was rental, depreciation recapture.
Like kind exchange can be done only into another $7 ...
  Topic: What exactly is like-kind exchange?
ukrkoz

Replies: 9
Views: 6601

Post image iconForum: Real Estate   Posted: Tue Jul 21, 2020 11:31 pm   Subject: What exactly is like-kind exchange?
Hi all

Here's situation.
We purchased a property, for primary residence, 2005, for $440K.
We started using that property, in 2005, as full rental.
Last year, we took $300K equity loan from renta ...
  Topic: What exactly this means?
ukrkoz

Replies: 10
Views: 9638

Post image iconForum: Investing, Stocks and Bonds   Posted: Sun Feb 17, 2019 6:29 pm   Subject: What exactly this means?
Exactly my thoughts.
Thank you.
This is why I asked.
They actually sent a spreadsheet out later, promising $580 return/year on $10 000 minimum. As you mentioned, it also may be beneficial in taxabl ...
  Topic: What exactly this means?
ukrkoz

Replies: 10
Views: 9638

Post image iconForum: Investing, Stocks and Bonds   Posted: Sat Feb 09, 2019 3:31 am   Subject: What exactly this means?
Bump.
I'll clarify why I am asking this.
Does the entire idea look suspicious or it's some sort of standard business practices that I simply do not understand? Acquire a property via private investo ...
  Topic: What exactly this means?
ukrkoz

Replies: 10
Views: 9638

Post image iconForum: Investing, Stocks and Bonds   Posted: Thu Feb 07, 2019 7:09 pm   Subject: What exactly this means?
I received an "investment opportunity" email from my employer.
It is supposed to be "clarified" by HQ some time later, I am more curious, if it's even worth considering.
Here's rough sketch of the s ...
  Topic: How to sell stock that is no more listed in the US
ukrkoz

Replies: 9
Views: 15397

Post image iconForum: Investing, Stocks and Bonds   Posted: Wed Dec 27, 2017 6:08 pm   Subject: How to sell stock that is no more listed in the US
I just landed with precarious situation.
In my IRA, there was a spinoff, I believe, and I came to possession of TRRSF stock.
Actually, even bought more of it several times. It was doing OK but, sudd ...
  Topic: Traditional IRA and mortgage payment
ukrkoz

Replies: 8
Views: 15550

Post image iconForum: Taxes   Posted: Sun Sep 24, 2017 3:17 pm   Subject: Traditional IRA and mortgage payment
I am 62.5 yo.
I have all good intentions to retire in 4 yrs and then maybe go work part time.
I have been mortgage free for couple years and it's a great feeling.
Here's the situation.
I'd like t ...
  Topic: Sell or keep as rental?
ukrkoz

Replies: 20
Views: 46703

Post image iconForum: Real Estate   Posted: Fri Nov 04, 2016 2:58 pm   Subject: Sell or keep as rental?
No, it will make us mortgage free.
As I shall pay it off, I can easily do it.
  Topic: Sell or keep as rental?
ukrkoz

Replies: 20
Views: 46703

Post image iconForum: Real Estate   Posted: Thu Nov 03, 2016 11:21 pm   Subject: Sell or keep as rental?
before thread is hijacked....

Let me steer it back in the right direction.
As described and with our desire to NOT stay in loans, do we sell or keep the rental property?
  Topic: Sell or keep as rental?
ukrkoz

Replies: 20
Views: 46703

Post image iconForum: Real Estate   Posted: Thu Nov 03, 2016 11:13 pm   Subject: Sell or keep as rental?
make $100k Down Payments on 5 houses. I would have 5 - $27,000 rent checks per year. And if the houses appreciated $140,000 each, that would add $700,000 to my equity

Wouldn't that make $200 000 a ...
  Topic: Sell or keep as rental?
ukrkoz

Replies: 20
Views: 46703

Post image iconForum: Real Estate   Posted: Thu Nov 03, 2016 10:01 pm   Subject: Sell or keep as rental?
If I was going to place $500k into rentals, I would never pay $500k cash for one house, instead I would make $100k Down Payments on 5 houses. I would have 5 - $27,000 rent checks per year. And if the ...
  Topic: Sell or keep as rental?
ukrkoz

Replies: 20
Views: 46703

Post image iconForum: Real Estate   Posted: Thu Nov 03, 2016 4:50 pm   Subject: Sell or keep as rental?
We do not have everything tied in real estate.
We have 2 IRAs, 2 401Ks and a sizeable saving account. Plus steady income.
The way I see it, as rental only covers interest on current mortgage paymen ...
  Topic: Sell or keep as rental?
ukrkoz

Replies: 20
Views: 46703

Post image iconForum: Real Estate   Posted: Wed Nov 02, 2016 10:47 pm   Subject: Sell or keep as rental?
Well, we are not interested in "other" investments. That's us.

My question is - sell and pay off current property or keep leasing it.
  Topic: Sell or keep as rental?
ukrkoz

Replies: 20
Views: 46703

Post image iconForum: Real Estate   Posted: Wed Nov 02, 2016 5:58 pm   Subject: Sell or keep as rental?
Morning all.
Ongoing dilemma in the family.
Here's situation.
1. We have paid for property that is currently a rental. Valued at about $520 000 in growing area. Very fast growing. Property tax is $ ...
  Topic: At crossroads
ukrkoz

Replies: 6
Views: 35162

Post image iconForum: Retirement Planning   Posted: Sat Jun 28, 2014 4:46 pm   Subject: At crossroads
Sorry, was out of this for a while.

Thank you for responses
 
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