Real Estate Investing!

HERE'S ONE FOR YA... - http://www.dealmakerscafe.com Forums

Original message

moseskjp

"HERE'S ONE FOR YA..." , Sat 13 Jan 05:43

Here's a copy of a portion of a post from another popular REI discussion forum I'd like to ask about:

"Another disadvantage of CFD sales is the possibility that you would have to pay taxes on the entire profit of the sale in the year you sold on CFD, even though you would not actually receive this profit until the buyer refinances or otherwise completes the CFD purchase at some time in the future."

So...what do you say? Do YOU have to suck it up to the IRS every year like that on all your CFD deals, or have you worked out some interesting little (and legal!) strategy that you can share?

Thanks!

...jp

"Snakes...why did it have to be snakes"

Replies:

Dealmaker
Moderator

"Re(1):HERE'S ONE FOR YA..." , Sat 13 Jan 07:57

There are a few ways to defer your gain. These issues will be discussed in our Private Forum which will be opened soon..stay tuned!

Dealmaker

Terry (Houston)

"Re(1):HERE'S ONE FOR YA..." , Sat 13 Jan 07:40

Here is a place to look that up (a point of view)

This is the report I received in the email that I talked about below. I found it on the site for a seminar that Dealmaker told me about. http://www.dboddiford.com/Courses/Advanced/Yeiter.htm

Great CPA and great advice. I will find out how poor my other CPA was when I see George next Thursday I fear.

Hope it helps

...There is no chance no destiny no fate
that can circumvent or hinder or control
the firm resolve of a determined soul...

Ella Wheeler Wilcox

Terry (Houston)

will

"Re(2):HERE'S ONE FOR YA..." , Sat 13 Jan 07:44

lucky you,
I think George lives right in Houston