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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] How to keep more of my profit. Posted by Sara_CA on October 20, 2003 at 7:19 AM First of all, this is a great site and a great board. Thanks to Ward and all who posts here. I have learned a lot, and still a lot more to learn. Before I knew about the THT I bought a second home in my own name in April. After I have remodeled I encountered a financial downturn, and I need to pay back the family-borrowed down payment. My lowered income does not quality me for re-financing. So now I must sell. The short term profit will be $45K. I also will have a seasoning issue with the current lender. What is the best way to do the sell? How will putting the tittle in a THT NOW still benefit me in the sell of the property? Or will it? How to avoid California sales tax COMPLETELY, not just at the closing, but also next April? Can I take part of the profit out, and leave the rest for another deal? A partial 1031 exchange? Or, Can I use the profit against the stock market loss from 2 years ago? Can you tell me where I can find the documents to acomplish each step? Any and all help is always greatly appreciated. Follow Ups: Avoid CA's 3.3% advance withholding tax... Ward-CA- 1:06 AM, 10/22/03 (1) Re: Avoid CA's 3.3% advance withholding tax... Sara_CA 10:12 PM, 10/22/03 (0) Re: How to keep more of my profit. sara_CA 10:22 PM, 10/21/03 (2) Re: How to keep more of my profit. steve 10:59 PM, 10/21/03 (1) Short duration for loan, buy and selll in 6 month. Not enough seasoning. Sara_CA 10:26 PM, 10/22/03 (0) Re: How to keep more of my profit. damien 7:56 AM, 10/21/03 (0) Re: How to keep more of my profit. steve 1:36 PM, 10/20/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : First of all, this is a great site and a great board. Thanks to Ward and all who posts here. I have learned a lot, and still a lot more to learn. Before I knew about the THT I bought a second home in my own name in April. After I have remodeled I encountered a financial downturn, and I need to pay back the family-borrowed down payment. My lowered income does not quality me for re-financing. So now I must sell. The short term profit will be $45K. I also will have a seasoning issue with the current lender. : : What is the best way to do the sell? : How will putting the tittle in a THT NOW still benefit me in the sell of the property? Or will it? : How to avoid California sales tax COMPLETELY, not just at the closing, but also next April? : Can I take part of the profit out, and leave the rest for another deal? A partial 1031 exchange? : Or, Can I use the profit against the stock market loss from 2 years ago? : Can you tell me where I can find the documents to acomplish each step? : Any and all help is always greatly appreciated. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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