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buying and selling a house in 1 month, how much will taxes and misc fees take out from net sale profit?
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Posted 09-24-2012, 09:51 PM
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| 09-24-2012, 09:51 PM | |
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#2
09-24-2012, 10:39 PM
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6% goes to realtor, OK you are done. Next
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#3
09-24-2012, 11:08 PM
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$100K is the profit. 6% to the broker and then short term cap gains rates. Also consider carrying costs for 1 month.
Hate is a strong word... but I really really really don't like you
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#4
09-25-2012, 04:04 AM
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Why would you do that?
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#5
09-25-2012, 07:33 AM
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No one sells homes for profit anymore...this is fake.
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#6
09-25-2012, 08:13 AM
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#7
09-26-2012, 02:51 PM
and what do you mean by carrying costs? |
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#8
09-26-2012, 04:23 PM
Carrying costs - Mortgage payment, maintenance, water bill....costs that you incur to hold the house for that period of time. |
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#9
09-27-2012, 10:22 PM
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going to be 10-35%
unless you roll it into a new house. http://www.realestate.com/advice/...t-property Last edited by chaozz; 09-27-2012 at 10:25 PM.. |
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#10
09-28-2012, 04:18 AM
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Buying for 1 and selling for 1.1 will result in no paper profit since closing costs will result in a loss for you. If not, they you will pay tax on the profit.
E finita la cuccagna
Politics may not be the oldest profession but the results are the same. |
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#11
10-01-2012, 06:14 PM
So after paying closing costs on 1M then paying realtor fees on 1.1M, there may wont be too much left to pay taxes on. |
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