When to Sell
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When to Sell (by Lana [IN]) Dec 2, 2021 11:59 AM
       When to Sell (by tryan [MA]) Dec 2, 2021 12:54 PM
       When to Sell (by Ken [NY]) Dec 2, 2021 1:07 PM
       When to Sell (by Richard [MI]) Dec 2, 2021 2:01 PM
       When to Sell (by Landlord ofthe Flies [TX]) Dec 2, 2021 4:41 PM
       When to Sell (by Lana [IN]) Dec 2, 2021 7:32 PM
       When to Sell (by Dee Ann [WI]) Dec 2, 2021 10:00 PM
       When to Sell (by Ray-N-Pa [PA]) Dec 2, 2021 10:37 PM
       When to Sell (by BRAD 20,000 [IN]) Dec 8, 2021 1:50 AM
       When to Sell (by Bizman [GA]) Dec 9, 2021 5:58 AM

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When to Sell (by Lana [IN]) Posted on: Dec 2, 2021 11:59 AM
Message:

I finally pulled the trigger on beginning to sell off my properties and put two houses on market this week. I have several offers to look at this afternoon. So with tax law changes should I aim for a 2021 sale or a 2022 sale?

--216.23.xxx.xx




When to Sell (by tryan [MA]) Posted on: Dec 2, 2021 12:54 PM
Message:

Congrats!

My crystal ball says things will get worse in 2022 for high income brackets. Take what you can now, now, now.

Hopefully your have bunch of "losses" (deprciation, improvements, ect.) to off set this gain. --72.71.xxx.xx




When to Sell (by Ken [NY]) Posted on: Dec 2, 2021 1:07 PM
Message:

I doubt anything listed today and sold soon could even get closed this year.Maybe if you find a cash buyer and close with title companies but here we use attorneys and just getting past attorney approval takes 7-10 days --72.231.xxx.xxx




When to Sell (by Richard [MI]) Posted on: Dec 2, 2021 2:01 PM
Message:

Time for a discussion with your accoutant. --75.7.xx.xx




When to Sell (by Landlord ofthe Flies [TX]) Posted on: Dec 2, 2021 4:41 PM
Message:

Ken's right. Too near end of year to meet inspection, loan and other expectations unless the buyer is a bargain hunter. If that's the case, the discount in price will match or beat any tax penalty. --108.69.xxx.xxx




When to Sell (by Lana [IN]) Posted on: Dec 2, 2021 7:32 PM
Message:

I sold both tonight with the duplex at my asking price and the triplex went for 10K over due to a bidding war. Both professional landlords. We are aiming for last week in December closing. --216.23.xxx.xx




When to Sell (by Dee Ann [WI]) Posted on: Dec 2, 2021 10:00 PM
Message:

N i c e. --75.11.xx.xx




When to Sell (by Ray-N-Pa [PA]) Posted on: Dec 2, 2021 10:37 PM
Message:

I can tell you it has been hard to find replacement properties and I have had too look in some unconventional places. --24.101.xxx.xxx




When to Sell (by BRAD 20,000 [IN]) Posted on: Dec 8, 2021 1:50 AM
Message:

Lana,

1031 exchange is my preference to avoid losing 40% to taxes. Sell several and roll it into one farmland. Folks are saying the Build Back trillions will stop allowing this. The party in power believes rich people are evil.

If you close in ‘22 the tax bill won’t be due until April or Oct ‘23.

If you sell on Land Contract you will collect 3 times the selling price. the interest is income and only pay capital gains on the principle collected.

BRAD

--73.102.xxx.xxx




When to Sell (by Bizman [GA]) Posted on: Dec 9, 2021 5:58 AM
Message:

Sell several and roll it into one farmland - 1031 rules allow this under like property definition? --73.184.xxx.xxx



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