........
....In my humble opinion......I would NEVER get in a RE deal with friends or family.
..If you are NEAR retirement age... ( based on your age or current portfolio )...
.....I would pay the 25% tax on the "depreciation re-capture"..(...or less IF you have a GOOD tax Attorney...)...
.AND...the 15% Long term capital gains tax......
.............................then put the remaining CASH in my hand.
... do not forget......the Long term capital gain tax WILL increase to 20% in 2013.
This is based on the MY notion that the economy is NOT going to get better before 2014...-...if even then.
.....Just my 1.3 cents ( after taxes ).......nothing more.......
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