Isaac Gonzalez

New wholesalers that’s looking to close their first deal comment what market you’re working in. Experienced wholesalers (5+ deals) reach out to JV with the newbies so they can learn. Let’s all get this money

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New comment 12d ago

Isaac Gonzalez

1 like • Jul '25

Las Vegas, NV

Joshua Fernandez

Jun '25 •

Vacant Land Wholesaling

Capital Gains Tax Objection

I got a real interesting objection that i have never heard before. Seller said they could not sign because they are wanting to know what the capital gains tax would be. Ie what they would net on the transaction. What is the best way to be taxed little to none on money of $100k recieved for selling your land land ?

New comment Jun '25

Isaac Gonzalez

0 likes • Jun '25

This is not fully accurate just rough way to explain if you really wanted to: Calculate the Gain: Sale price ($100,000) minus your original cost (e.g., $20,000) = $80,000 gain. - Tax Rate: Depends on your income. At 15% (common for middle incomes), tax on $80,000 is $12,000. - State Taxes: Some states tax gains (e.g., California up to 13.3%), others don’t (like Texas). Check your state’s rules. If they don't want to get taxed on it they could also do a 1031 exchange with the 100k and put it into another property. Their are other ways to reduce the tax implication but better they talk with their CPA.