All Forum Posts by: Jailen Holt
Jailen Holt has started 1 posts and replied 109 times.
Post: Just Closed a 240 unit Apartment Complex

- Real Estate Salesperson Licensed
- Atlanta, GA
- Posts 114
- Votes 22
Absolutely amazing, Brian!
Post: BP newbie from Warner Robins Georgia

- Real Estate Salesperson Licensed
- Atlanta, GA
- Posts 114
- Votes 22
Welcome to BP, Zack
Post: Searching for buyer Agent

- Real Estate Salesperson Licensed
- Atlanta, GA
- Posts 114
- Votes 22
Post: Looking for REI networking (Atlanta/Smyrna) GA

- Real Estate Salesperson Licensed
- Atlanta, GA
- Posts 114
- Votes 22
Post: Recommendation for "investor friendly" real estate agent

- Real Estate Salesperson Licensed
- Atlanta, GA
- Posts 114
- Votes 22
Post: HVAC / AC repair recommendation in Atlanta area?

- Real Estate Salesperson Licensed
- Atlanta, GA
- Posts 114
- Votes 22
Post: Belt Line Tour

- Real Estate Salesperson Licensed
- Atlanta, GA
- Posts 114
- Votes 22
Post: RE lawyers/attorneys

- Real Estate Salesperson Licensed
- Atlanta, GA
- Posts 114
- Votes 22
Post: Tax on Gain from Sale of Real Estate

- Real Estate Salesperson Licensed
- Atlanta, GA
- Posts 114
- Votes 22
Hey @Account Closed, and Welcome to BiggerPockets
So, the IRS and your state government can tax the difference between the purchase price -adjusted for improvements you've made - and the sales price. If you sell the property you've owned for less than year, your capital gains tax rate should be taxed equal to the rate of your regular income. If you owned it for more than a year (One year plus one day and beyond), then the maximum rate that you will be taxed is 15 percent. Few laws may differ from state to state but IRS laws should remain the same.
I am not a lawyer, nor am I advising you on legal matters. To receive a more clear understanding and legal advice, please contact a local real estate attorney for matters related to these type of questions.
Post: New member from South Carolina

- Real Estate Salesperson Licensed
- Atlanta, GA
- Posts 114
- Votes 22
Welcome to BiggerPockets, @Amy Bates. Glad that you've decided to jump in and join the community.
You can find plenty of deals on BP. Head over to the Investor's Marketplace and start browsing. You might notice that a lot of the "good deals" are located out of state all over the country. If you ever decide to pursue any of these deals, be sure to network with other investors from that area to get their perspective on the deals.
Good luck out there!