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Question about borrowing money
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<blockquote data-quote="backhoeboogie" data-source="post: 1041855" data-attributes="member: 3162"><p>For most of us, we have much more equity than debt. Many billion dollar corporations cannot sell out and break even or pay debt. </p><p></p><p>You can do a business case analysis to simply lose less money than you would have otherwise gone in the hole for. </p><p></p><p>My problem is, if I sell out, I gotta give Uncle Sam a huge cut in capital gains. So why not just use it for equity and borrow against it? Think about that. I sell a piece of land and Uncle Sam gets 35% of the profit. Maybe 33% on a given year. Or I can use it in a line of credit, borrow against it, and put the money back, then write off the interest paid. What makes the most sense?</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 1041855, member: 3162"] For most of us, we have much more equity than debt. Many billion dollar corporations cannot sell out and break even or pay debt. You can do a business case analysis to simply lose less money than you would have otherwise gone in the hole for. My problem is, if I sell out, I gotta give Uncle Sam a huge cut in capital gains. So why not just use it for equity and borrow against it? Think about that. I sell a piece of land and Uncle Sam gets 35% of the profit. Maybe 33% on a given year. Or I can use it in a line of credit, borrow against it, and put the money back, then write off the interest paid. What makes the most sense? [/QUOTE]
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