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Recent content by poorintexas
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Capital Gains tax on sale of vacant land
I have checked out all areas: clear title (the land was a foreclosure and the bank just wants to get the money back); it is a neighborhood in transition and not all of the values are evened out yet. i called the city and it is zoned residential for building my house; no back taxes owed either...- poorintexas
- Post #3
- Forum: Buying & Selling a Home
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Capital Gains tax on sale of vacant land
What is the name of your state?What is the name of your state? Texas I am purchasing a piece of vacant land that is very underpriced. It consist of 2 residential lots. I am thinking of buying both lots, but selling one shortly afterward for the equivelant of the entire purchase price, thereby...- poorintexas
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- Replies: 3
- Forum: Buying & Selling a Home