Are you fed up with being a landlord in Indianapolis? Rest assured, you are certainly not alone. From vacant property vandalism, missed rent payments, section 8 inspections, late night/early morning break-fix phone calls; outcomes don’t always justify the means. Disputes between tenants and landlords are by no means uncommon. Tens of thousands of court cases are filed each year in the U.S. Whether you want to get out of the landlord business or jettison one or more properties from your portfolio; Ittenbach Capital can help.
We specialize in rental property acquisition. Regardless of the current condition of your rental property, with or without a squatter, we will alleviate any or all of burdens from your portfolio; with a single transaction.
Ittenbach Capital can make your life simple again. A single phone call will trigger our team of specialist to pull together and collect the necessary information to provide you with a proposal to take one, some or your entire rental portfolio. A cash transaction can take place within weeks, not months. A burden will convert into an opportunity; freeing up precious funds and allowing you to pursue better investment options.
A word of caution! Selling rental property could result in a significant tax bite, depending on the profit you realize from the sale. That historical income-generating rental machine can cost you when you sell at year end. That’s because you will pay taxes on any capital gains (profit) when the property sells. For 2018, the capital tax rate is 15% if your taxable income between $77,201 and $479,000. If your income is $479,001 or more, the capital gains rate is 20%.
Ittenbach Capital will bring tax specialist to the table to assist you in minimizing any negative tax implication from the sale. Our team of tax and real estate specialist will work with you to identify the best options to rid your portfolio of the unwanted property while incurring the least amount of tax burden. Capital gains tax can take a big chunk out of your profit from the sale of a real estate investment, but thankfully there are ways to get around that. Whether you engage in an exchange of one property for another, pair investment losses with gains to offset the tax hit or convert your rental into your primary residence, these strategies will help you defer or avoid paying some or all capital gains taxes.
So let’s lighten up. Call (317) 648-7766 or click Ittenbach Capital . Within days, you will be on your trouble-free way.