Is a 15k profit acceptable on a real estate investment?

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paid cash, 6 mo hold/repair then sell. Purchase price 50k. selling price 72k. What about taxes?

2007-12-01 13:40:04 · 3 answers · asked by batman 1 in Business & Finance ➔ Renting & Real Estate

Depends what your labor is worth.

2007-12-01 13:43:38 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋

You will never go broke making a profit! Thats 30% profit and not bad in my book

2007-12-01 14:49:55 · answer #2 · answered by Ty 1 · 0⤊ 0⤋

get a tax expert to help you about the best way to cut your taxes down. don't wait, but any profit now is a blessing, count yourself lucky good luck

2007-12-01 13:58:32 · answer #3 · answered by APF 2 · 0⤊ 0⤋