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thanks i need help i will be very thankful

2007-12-03 05:23:18 · 2 answers · asked by Anonymous in Business & Finance Renting & Real Estate

2 answers

A 'clasic' co-op is a business in which the 'customers' are also the 'owners' ..

So I assume you have in mind joining a Company that buys houses which are then rented out to the share-holders, and where the rent paid to the Company is them used pay the Mortgage ?

Forget it = it's not cost effective. A Company has to pay Tax on it's 'profits', which will (eventually) consist of the houses, before paying you Dividends (which you get taxed on). ...

A private Landlord can avoid most Tax by renting out for less than 3 years before moving back in and selling up as their principle private residence.

Commercial Property Companies DO exists (eg Slough Estates), however they are not co-ops.

2007-12-03 19:11:11 · answer #1 · answered by Steve B 7 · 0 0

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2016-12-17 05:47:48 · answer #2 · answered by ? 4 · 0 0

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