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flip tax one more time

BP, You mentioned,"- Flip tax reduces capital gains they'll pay on their sale profit. (I know

Theft is not a flip tax issue

specifically stated that the income from flip taxes should go to reserves to pay for capital improvements

Flip Tax - Outside Budget

for capital improvements without A) raiding the reserves (which is OK, but a drain nonetheless) or B) imposing

More about flip tax

reduces capital gains they'll pay on their sale profit. (I know bldgs that push this idea and I'm not sure

Counter-arguments

on requires that any flip tax money be spent only on capital improvement," such as a new boiler, elevator

Reply to V

tax. Most hold the funds from a flip tax in reserve for capital improvement projects, but some use

So, do a toll road

and future capital improvements. After all today's capital improvements may be attributed to be the "legacy

Yes, absolutely correct

capital expenditures. A bank, worth its salt, will not write mortgages for a building in disrepair. And

Sure convert to condo, but with eyes open.

capital improvements been performed as defined by an outside professional engineering firm or have

Retire your mortgage

maintenance each year. Incredulous, then look at your AICPA mandated schedule of forecasted capital

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