Anyone know what the tax issues are with selling a note that I have held for 3 yrs? Taxed as ordinary income? Or, long term cap gain rate? Thanks
Thanks for the reply. Yes, we are carrying the note as part of a sale of real property. So, I gueuss this goes under long term capital gains. That is good news!
A mentor of mine used the same stock broker as me. When the broker saw how serious I was about REI, he introduced me to the mentor. That is more than 2 yrs ago, and he just help me structure a mixed-use deal.
It is. Get your borrowers with a broker that does the new FHA Secure.
Thanks for the reply. Yes, we are carrying the note as part of a sale of real property. So, I gueuss this goes under long term capital gains. That is good news!
A mentor of mine used the same stock broker as me. When the broker saw how serious I was about REI, he introduced me to the mentor.
That is more than 2 yrs ago, and he just help me structure a mixed-use deal.
It is. Get your borrowers with a broker that does the new FHA Secure.