Franchising & Real Estate | Second Life Method Podcast FRE | 2LM
LaunchPod Media inc.
66 episodes
8 months ago
Join host Kelly Maxwell as he explores proven strategies, shares his success stories, and features conversations with industry experts who have mastered the art of global real estate investing. Tag along and discover how offshore real estate can be a game changer in your financial future. This podcast is designed to be your ultimate guide in learning all you need to know about investing in real estate, dealing with offshore assets, and becoming a top-tier property manager. You can also expect to learn valuable insights on other related topics like franchising and building generational wealth. Tune in each week to unleash the power of the foreign market and grow your cash flow today!
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Join host Kelly Maxwell as he explores proven strategies, shares his success stories, and features conversations with industry experts who have mastered the art of global real estate investing. Tag along and discover how offshore real estate can be a game changer in your financial future. This podcast is designed to be your ultimate guide in learning all you need to know about investing in real estate, dealing with offshore assets, and becoming a top-tier property manager. You can also expect to learn valuable insights on other related topics like franchising and building generational wealth. Tune in each week to unleash the power of the foreign market and grow your cash flow today!
Gain on Sale | How Much Profit Goes In Your Pocket
Franchising & Real Estate | Second Life Method Podcast FRE | 2LM
8 minutes
9 months ago
Gain on Sale | How Much Profit Goes In Your Pocket
In this episode Kelly talks about how much profit goes into your pocket when you sell an investment property. It’s starting to be tax time again, so gain on sale is something you will want to understand. It is the taxable profit that is realized during the sale of a real estate asset or property. Because gain on sale is a pre tax measure, the actual amount of money that an investor takes home beyond the gain of sale depends upon his or her own personal tax rate and will require further calculation. If your tax rate is low, you’ll put more money in your pocket when you sell, and if it’s high you’ll put less money in your pocket in the end.
What gain on sale actually is 1:15
Why you should care 2:10
The formula 3:20
“Selling price minus the adjusted basis equals your gain on sale. You gotta look at depreciation, so how much you can take, how much you’ve taken so far on the property, if any. After tax, gain on sale, or simply gain, is expressed like this. You must take the depreciation credits and the IRS recognizes that it wears out over time and they acknowledge that financially by allowing you to depreciate deductions on your taxes.” 3:27
Franchising & Real Estate | Second Life Method Podcast FRE | 2LM
Join host Kelly Maxwell as he explores proven strategies, shares his success stories, and features conversations with industry experts who have mastered the art of global real estate investing. Tag along and discover how offshore real estate can be a game changer in your financial future. This podcast is designed to be your ultimate guide in learning all you need to know about investing in real estate, dealing with offshore assets, and becoming a top-tier property manager. You can also expect to learn valuable insights on other related topics like franchising and building generational wealth. Tune in each week to unleash the power of the foreign market and grow your cash flow today!
