capitalgainstax

Would you buy a rental property that loses money every month? What if, in a few years, that one property could make you hundreds of thousands of dollars? Would the negative cash flow be worth the massive appreciation upside? Today, we’re answering that exact question from an investor who could be sitting on a wealth-building opportunity but doesn’t know what decision to make. Should he buy the "bleeding" property at a steep discount or give up this needle in the housing market haystack to avoid a cash flow trap? Let’s find out! We’re back on Seeing Greene as David and Rob, your go-to real estate investing experts, answer questions directly from BiggerPockets Real Estate listeners like you! First, an investor has a rare opportunity to buy “Grandma’s house” with over $200K+ in potential equity upside. The problem? It will LOSE $800/month! Next, a new property manager wants to know how to raise rents on a twenty-year tenant. Do you pay capital gains on the profit of your home sale or the entire amount? We’ll show you how to know how much you owe. Then, an investor debates selling his C-class cash-flowing properties in exchange for appreciating assets, and we explain the “sneaky rental” tactic that’ll take you to ten rental properties in no time! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!  In This Episode We Cover Negative cash flow and one of the ONLY times it makes sense to buy a “bleeding” rental How to raise rents (the right way) on a long-term tenant  Capital gains tax explained and how much YOU could owe on your next home sale Whether to trade cash flow for appreciation and selling your rentals that don’t have room to grow  The “sneaky” rental tactic that allows you to scale a real estate portfolio FAST  And So Much More! (00:00) Intro (01:23) Losing $800/Month to Make $200K? (11:59) Raising Rents On 20-Year Tenant (21:28) Comment Section & Capital Gains 101 (25:47) Trade Cash Flow Portfolio for Appreciation? (33:05) The "Sneaky Rental" Tactic (38:20) Ask Us Your Question! Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/real-estate-949 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Times Briefing for the evening of Wednesday 27th March. For more on these stories throughout the day tune into Times Radio - on DAB, online, through your smart speaker or on the Times Radio app.

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Rob & Rob are back with more listener questions! 

• (0.50) Mo wants to get started in property investment and is looking for a strategy that will generate cash flow quickly without taking up too much of his time. Is buying blocks of apartments a good option for him? 
• (3.43) Steve is looking to sell his residential home, move into rented accommodation and use the funds towards his property investments. What taxes will he be required to pay? 

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See omnystudio.com/listener for privacy information.

I have a special announcement on the show today. I also discuss the things liberals are doing that are actively destroying America, and I ask the question, “are they trying to burn the country down?”  News Picks: An excellent piece that describes the dangers of “critical race theory.” Bill Maher absolutely shreds the dopey ideas of the modern liberal.  Are NYPD officers rushing to retire amid the anti-cop climate?  Twitter and the “fact-checkers” are super busy cleaning up the Stacey Abrams’ mess in Georgia. The Wall Street Journal article regarding the proposed capital gains tax disaster, which I discussed in the show today. Crime is exploding in NY City and liberal leaders are ignoring it.  Florida and Texas continue to outperform the lockdown states on COVID.  Copyright Bongino Inc All Rights Reserved. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Follow the besties:

https://twitter.com/chamath

https://linktr.ee/calacanis

https://twitter.com/DavidSacks

https://twitter.com/friedberg

Follow the pod:

https://twitter.com/theallinpod

https://linktr.ee/allinpodcast

Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Referenced in the show:

Federal Net Outlays as Percent of GDP

https://fred.stlouisfed.org/series/FYONGDA188S

Wayback Machine / WhiteHouse.gov

https://web.archive.org/web/20010118204900/http://www1.whitehouse.gov

Reuters

https://www.reuters.com/business/healthcare-pharmaceuticals/india-posts-daily-rise-over-300000-covid-19-cases-record-death-toll-2021-04-22

Show Notes:

0:00 Intro

1:19 Biden's capital gains tax hike

21:33 Addressing the federal budget problems

42:16 Chauvin verdict, media coverage

50:06 Hulu WeWork documentary, Founder psychology

59:46 COVID surge in India

1:11:01 Poor media performance in 2021

Rob & Rob are back again this week to answer two more fantastic questions.

We’ve got a rather interesting first question from Brendan.

He’s got a question on the 18 year property cycle, one of our favourite topics to talk about. 

Brendan wants to know if Real Estate Investment Trusts (REIT) are likely to experience the same sort of growth in a boom period as residential property?

If you’re not 100% sure on what a REIT is and how they work, don’t worry, Rob D covers that along with how they benefit property investors.

The second question on this week’s episode is from Antonio. 

He’s got a portfolio of properties which he’s had for around 20 years and is now considering selling. 

His accountant has advised him that if he moves back into the property for 6-12 months, he won’t have to pay capital gains tax on the sale as it will be seen as his main residence. 

Is this a way of getting around capital gains tax?

Tune in to find out.

 

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). 

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours. 

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

Rob & Rob are back again this week for a slightly different episode of The Property Podcast. Today they’re advising four different investors on how they should spend their money.

We’re always asked for advice by aspiring and experienced property investors on how best to invest their money. 

And now (possibly more than ever), investors seem a tad confused on where they should be putting their money, if anywhere at all! 

All of the investors you’ll hear from today are at the start of their journey with different strategies and different sums of money to start with, but ultimately they want to know how best to invest in the current climate. 

So, here are the four different scenarios we’ll be looking at on today’s podcast:

1. James - he has £10,000 in a government Help to Buy ISA and is looking to either move out of his parents house and continue to save for his first buy-to-let, or withdraw the money from his ISA and take the penalty hit to use that money to invest in his first property whilst still living at home.
   
   
2. Jay - he’s looking at buy-to-let properties in Salford Crescent and really likes the look of high-rise living in Manchester. Jay has an inheritance that he’s wanting to make the most of by putting it into property and would like Rob & Rob’s advice.
   
   
3. Our third caller has a cash pot of £200,000 but is wanting a return of around 40% on his investments per year, but on an income basis. He’s looking at going down the buy-refurb-refinance strategy to try and pull money out after the refurbs.
   
   
4. The fourth and final caller is wanting to know how The Robs would invest £3 million and what strategy would they use? He’s not bothered if it’s in the UK or overseas, but in terms of buy-to-let property he’s wondering if Rob & Rob would be more likely to go down the smaller, lower cost property route or go for more mid range and larger properties. 

We all know how much Rob & Rob love talking goals and strategies with people and this is a great episode to do just that. 

You may be in a similar situation to these four callers, or just be listening for a nosey. So what do The Robs think they should do? 

Tune in to find out.

 

In the news this week, we’ve got not one news story but two! The first is more of a reminder to all property investors that changes to Capital Gains Tax are now in effect. So now if you sell a property and have Capital Gains Tax to pay, you only have 30 days to submit your application. 

The second news story comes from an email that Rob D received around mortgage holidays and the rumour that it could potentially affect your ability to get lending if you take a mortgage holiday. At first that’s all it was, a rumour, but now it’s come to light that one mortgage lender in particular is not allowing mortgage holidays and will not accept your application if you have already taken out a mortgage holiday. 

 

This week’s Hub Extra resource is from Money Saving Expert. They’ve put together a list of really useful resources that you normally have to pay for, but the companies that provide them have made them free whilst we’re in lockdown and everyone is looking for something to do. 

There’s all kinds of things for you to sink your teeth into; from kids activities to guitar lessons. So maybe take a look and see if you fancy learning something new.

 

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

 

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

See omnystudio.com/listener for privacy information.

This week on Ask Rob & Rob, the guys are answering two great questions on holiday lets and if one certain area could be an up and coming hotspot, following on from the ripple effect.

First up is Claire from Nottingham. She is in the process of moving into a house and has taken 75% equity from her 2-bedroom flat to make the move. 

She’s now wondering if she should keep her flat as a standard buy-to-let property or if she should turn it into a holiday let and list it on the likes of Airbnb. 

Her apartment is located just 10 minutes from Nottingham city centre and she’s tried Airbnb in the past which worked out well for her. So, providing she has regular bookings, she’s wondering if she’d be better off tax wise, to have the property as a holiday let as opposed to a buy-to-let? 

So, will Claire be better off going down the holiday let route? 

The second question comes in from Graham in Leicester. He’s been an avid podcast listener for a while and has now got three properties in his portfolio. 

Graham now has a question on the ripple effect that Rob & Rob discuss quite frequently. He’s heard people talk about the ripple effect of Sheffield and Doncaster, but he wants to know if Rotherham will benefit from Sheffield’s ripple effect? 

Will Rob & Rob give Rotherham the green light?

Tune in to find out...

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). 

 

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours. 

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week’s edition of ‘Ask Rob & Rob’, Luke & another listener ask Rob & Rob some interesting questions!

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

See omnystudio.com/listener for privacy information.

Income tax allowances have gone up, but tax bands have come down -so are we paying more or less? And pension tax relief will get simper - but will it be any better for higher earners?

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Capital gains tax has gone up - but not as much as expected. Income tax has effectively come down - but not for as many as expected. And pension red tape is being cut down - but not just yet

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Capital gains tax is going up in an emergency Budget - so how long have you got? What do the new tax policies mean for house prices? And what will happen to tax relief on pension contributions?

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In this week's show: Will the chancellor do a U-turn on capital gains tax changes? Should private investors buy into agricultural commodities? Is buy-to-let still a good investment as the housing market slows?

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This week: is it time to get out of commercial property, as property prices and fund values fall? will the regulatory shake-up of financial advice give you a better deal? and some good and bad news on mortgage rates.

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This week: Pre-budget report special - what chancellor Darling's changes to inheritance tax and capital gains tax will mean for you.

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