Newer Irvine listings with crazy WTF asking prices from equity sellers

[Burn That Belly]

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[momto6]

@ BTB, for asking nicely and not demanding it like your distant cousin ??starboy?; I gave you a thank-you

 

[irvinehomeowner]

I found me a nice shirt for Mety and I.  ;D

Where are my royalties?

 

[StarmanMBA]

@ BTB, for asking nicely and not demanding it like your distant cousin ??starboy?; I gave you a thank-you

Like your 6th grade friend, Big Belly, you misquote me hatefully.
I never "demanded" anything.  "Demanding"is your word, not mine.
I simply pointed out the ingratitude of the audience here, and many of you affirm my observations. 

"Evil has many tools but a lie is the handle that fits them all." - Chief Justice Oliver Wendell Holmes, Jr.

 

[Burn That Belly]

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[Maserson]

Does the expanded dining increase the plan 1 sq footage to 1800?  Gust mentions it but Decker doesn't.

 

[Burn That Belly]

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[BruinDoc]

Pretty pricey for Oak Creek per square foot, getting into QH territory.
Maybe a good deal if they stuffed $250k beneath the floor-boards.
https://www.redfin.com/CA/Irvine/7-Hawk-92618/home/4746501

 

[usctrojancpa]

Pretty pricey for Oak Creek per square foot, getting into QH territory.
Maybe a good deal if they stuffed $250k beneath the floor-boards.
https://www.redfin.com/CA/Irvine/7-Hawk-92618/home/4746501

I'll go out on a limb and say that it won't close anywhere near $1.3m.

 

[irvinebullhousing]

Pretty pricey for Oak Creek per square foot, getting into QH territory.
Maybe a good deal if they stuffed $250k beneath the floor-boards.
https://www.redfin.com/CA/Irvine/7-Hawk-92618/home/4746501

I'll go out on a limb and say that it won't close anywhere near $1.3m.

Still a wise hold 18+ years and they pocket a nice million plus. Assume that they smart and not do any crazy cash out refi. All in the meantime, have a great school and great location.

 

[aquabliss]

Pretty pricey for Oak Creek per square foot, getting into QH territory.
Maybe a good deal if they stuffed $250k beneath the floor-boards.
https://www.redfin.com/CA/Irvine/7-Hawk-92618/home/4746501

I'll go out on a limb and say that it won't close anywhere near $1.3m.

Still a wise hold 18+ years and they pocket a nice million plus. Assume that they smart and not do any crazy cash out refi. All in the meantime, have a great school and great location.

Don't they have to pay "ordinary income tax" on all gains over $500k?

 

[Jantoven]

Pretty pricey for Oak Creek per square foot, getting into QH territory.
Maybe a good deal if they stuffed $250k beneath the floor-boards.
https://www.redfin.com/CA/Irvine/7-Hawk-92618/home/4746501

I'll go out on a limb and say that it won't close anywhere near $1.3m.

Still a wise hold 18+ years and they pocket a nice million plus. Assume that they smart and not do any crazy cash out refi. All in the meantime, have a great school and great location.

Don't they have to pay "ordinary income tax" on all gains over $500k?

I thought it was long-term gains tax (i.e. 15% + state)?

 

[usctrojancpa]

Pretty pricey for Oak Creek per square foot, getting into QH territory.
Maybe a good deal if they stuffed $250k beneath the floor-boards.
https://www.redfin.com/CA/Irvine/7-Hawk-92618/home/4746501

I'll go out on a limb and say that it won't close anywhere near $1.3m.

Still a wise hold 18+ years and they pocket a nice million plus. Assume that they smart and not do any crazy cash out refi. All in the meantime, have a great school and great location.

It'll be more like $700k-$800k after closing costs and a realistic sales price, but yeah they did well.

 

[usctrojancpa]

Pretty pricey for Oak Creek per square foot, getting into QH territory.
Maybe a good deal if they stuffed $250k beneath the floor-boards.
https://www.redfin.com/CA/Irvine/7-Hawk-92618/home/4746501

I'll go out on a limb and say that it won't close anywhere near $1.3m.

Still a wise hold 18+ years and they pocket a nice million plus. Assume that they smart and not do any crazy cash out refi. All in the meantime, have a great school and great location.

Don't they have to pay "ordinary income tax" on all gains over $500k?

I thought it was long-term gains tax (i.e. 15% + state)?

Yes sir...15% plus potentially 3.8% (high earner tax) plus their marginal state income tax % so could be close to a 30% tax on any gain over $500k.

 

[aquabliss]

Oh wow thanks for clarifying guys, that?s better than I thought.

 

[irvinebullhousing]

Pretty pricey for Oak Creek per square foot, getting into QH territory.
Maybe a good deal if they stuffed $250k beneath the floor-boards.
https://www.redfin.com/CA/Irvine/7-Hawk-92618/home/4746501

I'll go out on a limb and say that it won't close anywhere near $1.3m.

Still a wise hold 18+ years and they pocket a nice million plus. Assume that they smart and not do any crazy cash out refi. All in the meantime, have a great school and great location.

Don't they have to pay "ordinary income tax" on all gains over $500k?

I thought it was long-term gains tax (i.e. 15% + state)?

Yes sir...15% plus potentially 3.8% (high earner tax) plus their marginal state income tax % so could be close to a 30% tax on any gain over $500k.

You can further reduce tax liability with deductions from ALL improments.
Make sure to keep  proper records so you not miss any over the over along period of time.

 

[AW]

So how does it work with fcb sellers, don?t have to worry about taxes and they can just flip (like btb?s gp weekly reports)?

 

[irvinebullhousing]

So how does it work with fcb sellers, don?t have to worry about taxes and they can just flip (like btb?s gp weekly reports)?

Uncle Sam?s will take his fair share

 

[aquabliss]

Woodbridge condo on the lake at a mere $765/sq ft anyone?https://www.redfin.com/CA/Irvine/23-Longshore-92614/unit-40/home/5642914

 

[Burn That Belly]

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