Tax Strategies For REI - Book Recommendations

Does anyone have any recommendations on books for Tax Strategies, Understanding, Avoidance, etc for the Real Estate Investor?

Thanks

Brenda

Comments(6)

NewKidInTown315th May, 2006

I understand John T Reed has a good one at his website
wexeter21st May, 2006

I would be happy to forward a copy of the Section 1031 Tax-Deferred Exchange Reference Manual for you.
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d_random30th June, 2006

Every Landlords Tax Deduction Guide by Nolo

http://www.amazon.com/gp/product/1413304214/qid=1151682984/sr=1-1/ref=sr_1_1/102-5001884-7854568?s=books&v=glance&n=283155
NewKidInTown316th June, 2006

Your profit (loss) is the difference between your purchase price and your sale price.

Notice that the presence or absence of financing has notthing to do with your profit calculation. Your profit is taxed at the applicable capital gains rate. Your tax liability is the same whether or not you have financing in place.

So to answer your question, refinacing before you sell just takes money for closing costs out of your pocket, but does not change your capital gains. Same with HELOC.
jfromchicago16th June, 2006

so i guess thats a misconception.....
bargain7617th June, 2006

Yes, that is a misconception.
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