Burnsville Lake Topics: Pleasure Cost per Sq. Ft.
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Name:   PikeSki The author of this post is registered as a member - Email Member
Subject:   Pleasure Cost per Sq. Ft.
Date:   8/18/2006 9:27:29 AM

Ridgeman,

I'm not a real estate person and someone else may have more detailed information on your question but I think that the profits you make on a real estate sale can be rolled into a 1032 tax exchange (basically an escrow account) and sit there tax free. If you re-invest the money into another property then there is no tax on it. If you cash it out then your uncle will want his cut. (I don't know how much though).

Not that this is helpful but I hope it's helpful !
Other messages in this thread:View Entire Thread
Pleasure Cost per Sq. Ft. - Feb - 8/17/2006 6:31:37 PM
     Pleasure Cost per Sq. Ft. - ridgeman - 8/17/2006 6:57:46 PM
          Pleasure Cost per Sq. Ft. - Tallyman - 8/17/2006 9:51:11 PM
          Pleasure Cost per Sq. Ft. - PikeSki - 8/18/2006 9:27:29 AM
          1031 Exchange - Tax Deferred - Maverick - 8/18/2006 9:34:41 AM
               1031 Exchange - Tax Deferred - FLee - 8/18/2006 10:36:36 AM
                    1031 Exchange - Tax Deferred - Maverick - 8/18/2006 12:30:25 PM
               1031 Exchange - Tax Deferred - ridgeman - 8/18/2006 6:54:27 PM
                    Ridgeman ??? - Maverick - 8/18/2006 9:28:39 PM
                         Ridgeman ??? - ridgeman - 8/19/2006 12:26:56 PM
          Pleasure Cost per Sq. Ft. - racquetman - 8/18/2006 7:15:04 PM
          Pleasure Cost per Sq. Ft. - boataholic - 8/19/2006 8:33:58 AM
     Feels high to me..... - noagenda - 8/17/2006 8:29:54 PM
     Pleasure Cost per Sq. Ft. - Maverick - 8/17/2006 11:54:51 PM
          Pleasure Cost per Sq. Ft. - Osms - 8/18/2006 8:37:52 AM
               Pleasure Cost per Sq. Ft. - Maverick - 8/18/2006 9:13:25 AM
     Pleasure Cost per Sq. Ft. - Harborcon - 8/18/2006 6:27:42 PM
     Pleasure Cost per Sq. Ft. - Harborcon - 8/18/2006 6:30:18 PM
          Pleasure Cost per Sq. Ft. - ot - 8/19/2006 6:45:19 PM
     Pleasure Cost per Sq. Ft. - Pier Pressure - 8/23/2006 1:33:08 PM



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