Tax advice on a deal I am about to do

sent Gunners.

ok.  i won't do it again.  but the email i posted i never check, ever.  so if 2 million people spam me there, i really don't care. 

 

 

Closing set for tomorrow afternoon.  Attorney is raping us some on the closing costs but it's too late in the game to change now.  Lesson learned:  we assumed that since we had all used him for typical stuff in the past that he would be in line for something like this....not the case.

 

Plus in Georgia, unlike some other states, the attorneys get a large percentage of the title insurance premium so they get paid several ways!

Update on some tax feedback:

 

Met with a very good CPA last week who works with some other developers.  A 1031 is definitely out the door.  We are exploring a few other options to help lessen the blow but ultimately, for the first time in my life I am going to get killed on taxes.  Making $150k a year and paying taxes is one thing but getting into these  other brackets is enough to make you puke.  I know, good problem to have but it just pisses you off alot worse about those in our society who contribute NOTHING yet reap the benefit of others hard work!

 

At least my SS checks will be bigger in 30 years!  If they exist at all!

Anyone know how I can post a link on here with the preliminary plat?  I could scan it I guess, right? 

 

 Like to post it so that as we discuss it, people that are interested can have a reference map.