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Long term cap gains is/was 15%.
In the cases I am describing many are one time big winners. They don't have 7 figure incomes every year for depr (which takes a long time on r/e) to offset.
Turbos comments about vacancy and other expectations are right on the money. I believe a LOT of the money in these projects is from people who were getting their first exposure to such things. Their own fault? Yes. But still a situation worth noting and learning from.
Simply put when someone is telling you its ok to lose money because your saving taxes odds are you're not seeing the whole pic.
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Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
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