Knowledge is the Map to Greater Wealth,
Real Estate is the Easiest Path.
Equity Share
I have saved the most Powerful for last.
Finally we would like to introduce a variation of the Investor/Occupant method which we Know will become popular. This involves Americans standing up and providing a solution to a growing problem which is more effective and more productive than having the government try to handle it.
The problem is Affordable Housing.
A Viable Solution:
Humanitarian Investor / Occupant
Click Here for a Sample Transaction
In this scenario an investor would not only supply the initial cost but would also pay the carrying cost above the amount that the occupant could handle. In return they would have a higher percentage of ownership than the occupant. This could be used to help many of the individuals we need for our economy to continue running to be able to get into home ownership. For the investor they not only are investing their money in something that has traditionally appreciated better than most types of investments, they are also able to be proud of themselves for also helping make this country better.
The occupants not only get a comfortable home but also get started in home ownership. This allows them the Tax advantages, the Appreciation of their investment and the Pride of having something they own.
This is truly a WIN/WIN/WIN situation!
The investor is putting their money in a great Investment.
The Occupant is able to have a home of their own, better than what they
could handle alone.
The Community solves a major problem without the Government getting
involved;
Unless
this becomes so widespread that the Governments provide incentives
for helping more and more make use of this opportunity.
And if the above mentioned Win/Win isn't enough.
No Capital Gains Tax for Either Party
No Gimmick - Completely Verifiable
Of course, there are certain conditions to be met.
Occupant
If you live in a primary residence for 2 out of the last 5 years, you may exclude up to $250,000 if single and $500,000 if married from your capital gains taxes. Want Proof?
Tax Bulletin IR-2002-142, Dec. 23, 2002
Look for 6th paragraph “For Joint Owners not married”
Investors
Actually it is Tax Deferment under the 1031 Like Kind
Exchange. You don't have to pay capital gains if you roll the realized
gain into another like kind property. Again there are prescribed
circumstances. This allows you to continue exponentially increasing
your wealth. Click below for links to more on this subject.
IRS 544 Sale and other Disposition of Assets Like Kind Exchanges
We love the IRS for making Real Estate a Better Investment.
Call Us to Discuss the Opportunities
954-566-3225
Or Email Us
This information is supplied by Great Condos, Inc. for educational purposes to introduce you to how this form of ownership may be used. All Deed and agreement documents will need to be written by an Attorney. It is also best to have your Tax Professional go over your specific Tax liabilities.