From $9.95


Statistics

Users
Total: 32,158
Visited Last 30 days: 110
Forum Messages
Total: 20,888
Last 30 days: 10
Forum Evaluations
Total: 24,158
Last 30 days: 0
Journal Entries
Total: 5,364
Last 30 days: 2
Connections
Total: 15,226
Last 30 days: 1
Downloads
Total: 85,802

Journals

Name
Tenants-Right-When-S... Maryland, MD
58 Visits | 1 Posts | 2 Pix | 0 Videos
Magic-Of-The-SideSto... San Carlos, CA
96 Visits | 1 Posts | 1 Pix | 0 Videos
Tanglewood Colorado Springs, CO
117,916 Visits | 999 Posts | 2,572 Pix | 47 Videos
The-Last-Rodeo Angel Fire, NM
26,179 Visits | 271 Posts | 435 Pix | 4 Videos
E2custom
516 Visits | 4 Posts | 10 Pix | 0 Videos
draingrepairsnj
491 Visits | 1 Posts | 1 Pix | 0 Videos
1860s-Texas-rehabnew... Boerne, TX
49,839 Visits | 44 Posts | 193 Pix | 0 Videos
medicareinsurance
519 Visits | 1 Posts | 1 Pix | 0 Videos
Whiteheads-Marsh-Dom
493 Visits | 1 Posts | 0 Pix | 0 Videos
Tracispermits Patchogue, AL
525 Visits | 1 Posts | 1 Pix | 0 Videos
MesaBarnHouse Mesa, AZ
2,262 Visits | 34 Posts | 52 Pix | 0 Videos
Vintage-Oaks-Cabin New Braunfels, TX
878 Visits | 1 Posts | 0 Pix | 0 Videos
Z-Oen Dayton, OH
647 Visits | 1 Posts | 0 Pix | 0 Videos
washougalhome Washougal, WA
1,441 Visits | 22 Posts | 124 Pix | 0 Videos
MadeByMelissaPdByChr... Berea, KY
720 Visits | 1 Posts | 0 Pix | 0 Videos
Geosynthetic-Systems
718 Visits | 1 Posts | 1 Pix | 0 Videos
vanphuccity Ho Chi Minh, AL
748 Visits | 2 Posts | 0 Pix | 0 Videos
MCKAY-ICF-BUILD Oconomowoc, WI
705 Visits | 1 Posts | 0 Pix | 0 Videos
Car-Rentals-in-Udaip... Delhi, AL
783 Visits | 1 Posts | 0 Pix | 0 Videos
Art-Camacho New Braunfels, TX
1,479 Visits | 1 Posts | 0 Pix | 0 Videos
See all journals...

Current Top-Rated Posters

RatingPosts
Sally0.001

Unfortunately I did not find your book in time for that house but we have it for the next one. It is a great book, full of useful information. Lots of it seems like common sense after you read it, but I did not have the common sense to think of it before I read it.
Jedda in Brighton, ON

Try one of our new Construction Bargain Strategies for free. Coupon code: CBS. One strategy could save you $1,000 or $10,000 or maybe $50,000 when you build or remodel.


Special Report 03: Ten reasons the 1997 tax law benefits owner-builders - Electronic Edition

Special Report 03: Ten reasons the 1997 tax law benefits owner-builders - Electronic Edition
List Price: $5.00
Our Price:
$0.50
You Save: $4.50 (90%)


Add to cart


Author: Mark A. Smith

[This is the Special Report 03 in Adobe Acrobat (PDF) Format. Our electronic products download immediately to your computer upon purchase.]


This is the law the U.S. Congress passed for you! Discover the surprisingly little known ins and outs of earning a huge freebie from Uncle Sam every time you owner-build. The rules have changed - know the rules. Six pages, revised and updated with new reader tips, web links and comments.

Topics Include:

  • Special benefits for owner-builders
  • What size house you must build
  • Financial effect of marriage
  • What if you rent out your house before sale?
  • How to use the law to build for a living
  • How to own your own home free and clear faster


Excerpt from Report:

"The Taxpayer Relief Act of 1997 was signed by Bill Clinton on August 5, 1997, and provides unheard of advantages to homeowners. In the old days, you had to wait until retirement to sell your house and get a tax break on your gains. That break had a limit of $125,000. The new law lets you sell your house at any time and keep the profits tax-free, up to a limit of $500,000 fora married couple.

The new law provides real advantages to an 'owner-builder', someone who saves money building a house by acting as their own general contractor. If you elect to contract your own home you will find the law holds ten special benefits for you:

1. You can take the tax break every two years.

This little provision in the law may not seem significant at first, but all by itself it can make owner-building a lucrative pastime. If your house is built the conventional way ? with a general contractor - you can?t make enough money in two years to get a benefit.

Your house will not appreciate fast enough to make a profit after two years. The 'in and out costs' of Realtor commissions and loan origination fees will eat up any gain appreciation gives you."...

Sample Reader Tip Excerpts:

I am in the process of trying to build one or two houses for sale every year. I am trying to find out how to go about it in terms of if it’s in my best interest to just pay taxes on the capital gains or to have all this under a LLC corporation. However, I am working on my contractor’s and building licenses. Any advice I get from you guys is appreciated. Thanks.
by Joseph in Stafford, VA

If you are building for profit as a business and not living in the home for two years you will have to pay capital gains taxes on the sale. I believe the current federal rate is 15%. A corporation and an LLC are two different types of business structures. You may want to talk to an accountant or an attorney about the advantages of each kind of business structure. You will need a relationship with an accountant as you launch your business anyway.
by Michael

Other customers who purchased this also purchased:

nbspnbspnbspnbsp117-Regular-concrete-instead-of-Gypcrete-for-poured-floors-for-radiant-Electronic-Edition
$0.99
    11-7. Regular concrete instead of Gypcrete for poured floors for radiant - Electronic Edition
nbspnbspnbspnbsp723-Buy-in-lots-and-divide-Electronic-Edition
$0.99
    7-23. Buy in lots and divide. - Electronic Edition
nbspnbspnbspnbsp930-Use-an-estimating-service-Electronic-Edition
$0.99
    9-30. Use an estimating service. - Electronic Edition
nbspnbspnbspnbsp614-Buy-a-specialty-tool-off-eBay-Electronic-Edition
$0.99
    6-14. Buy a specialty tool off eBay. - Electronic Edition
nbspnbspnbspnbsp546-Become-a-dealer-Electronic-Edition
$0.99
    5-46. Become a dealer. - Electronic Edition
Special-Report-21-Architect-interviews-Electronic-Edition
$0.99
Special Report 21: Architect interviews - Electronic Edition
The-Ten-Commandments-1B-MP4-Enhanced
$6.95
The Ten Commandments 1B - MP4 Enhanced
nbspnbspnbspnbsp522-Cherry-picking-Electronic-Edition
$0.99
    5-22. “Cherry picking” - Electronic Edition
nbspnbspnbspnbsp313-Get-your-insurance-valuation-down-Electronic-Edition
$0.99
    3-13. Get your insurance valuation down. - Electronic Edition
nbspnbspnbspnbsp542-Warehouse-sale-at-lighting-company-Electronic-Edition
$0.99
    5-42. Warehouse sale at lighting company - Electronic Edition
Copyright 1997-2019 Consensus Group Inc.