Fellow wholesaler just wondering if the election will have an impact on fix and flips or the real estate game in general ?

If you're a wholesaler (ie you don't take title) then wouldn't everything just be taxed as income? Not much diff beyond Biden wanting to raise the tax rates on almost everyone.

Absolutely it will. I don't know the exact numbers, but I believe Biden is wanting capital gains to be taxed at normal income tax rate, which will kill margins. He's also wanting to do away with the step-up basis and 1031's.

In theory, Yes. Trump is a real estate guy. Biden's tax plan could slash margins and eliminate some of the best tax incentives for real estate. (& other investments)In reality, Its a wait and see. No politician has ever done everything they claim they will do. Additionally, I highly doubt congress will go for it because it would affect their pockets as well. Perhaps an Executive Order could change that.I think biggest and most realistic concern is a forced shut down due to covid.

Will probably bring back SALT (state and local tax) deduction will most likely be brought back to deduct property taxes.

Will the election effect the real estae game ??Will the election effect the real estae game ??

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Will the election effect the real estae game ??

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