Kamala's Tax Proposal: What It Means for Real Estate Investors

Kamala is STEALING my employee's retirement!

In this video, we dive deep into Kamala Harris' proposed tax bill and its potential impact on real estate investors. The bill suggests taxing unrealized capital gains at 25%, which could significantly affect the growth of real estate portfolios and the availability of affordable housing.

👤 What You'll Learn:

Tax Proposal Details: How the 25% tax on unrealized gains could change the game for real estate investors.
Real Estate Portfolio Insights: Learn about a massive $500 million portfolio, including 300 single-family homes and 1,500 multi-family units, and how current strategies like 1031 exchanges could be impacted.
Economic Impact: Explore the potential effects on job creation, affordable housing, and overall market stability.
Alternative Strategies: Discover how seller financing and strategic investments play a role in navigating these challenges.

📝 Action Items:
Share Your Thoughts: We want to hear from you! Drop your opinions about the proposed tax bill in the comments below.
Free Resource: Get a free wholesale real estate contract by commenting on the video.

🔍 Related Topics:
Financial strategies for long-term real estate investment.
The role of tax policies in job creation and market health.
Insights from the speaker's book, "Wealth Without Cash," and their unique investment approach.

📚 Stay Tuned: For more in-depth discussions and updates on real estate trends, don’t forget to subscribe and hit the notification bell!

Thanks for watching, and let’s work together to find a balanced approach that supports both investment growth and job creation! 💡

#RealEstate #TaxPolicy #InvestmentStrategy #KamalaHarris #AffordableHousing

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🚧🚧🚧 DISCLAIMER 🚧🚧🚧

Pace is not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY.

[sweeziee]

To even propose taxes on unrealized gains on anything, not just real estate, is preposterous.

[gingerkilkus]

These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?

[TheMrPorter]

No one should be paying taxes on unrealized gains.

[LivingtheSprings]

They’re trying to make homeownership, property management, and investing hard for a reason…

[DuaneL]

What you didn’t touch on is if the property ends up losing money down the road, you won’t get the unrealized capital gains taxes paid in previous years back.

[RC]

What he didn't mention is that the appreciation is a result of inflation. Inflation is a direct result of the Federal Reserve printing money and adding it to the money supply. As a result, the dollars that are now out there to spend can now buy less, so you have to pay MORE for the same thing. Taxing that appreciation (unrealized gain) is stealing. INFLATION IS A "HIDDEN TAX". It's a loss of buying power. Put $10, 000 under your mattress beginning of 2019 and 5 years later it's only worth $8, 047.60 (CPI-W 2019 - 2023). Real money stolen right from under our noses caused by the insane money printing and crazy spending by our government over the last 5 years!!! Printing more money and going into more debt/spending more money will only make this worse. Most people don't realize that inflation is, in fact, a hidden tax ON EVERYBODY. Why should anybody be TAXED AGAIN, EVEN MORE on unrealized gains that are caused by the government's monetary policies in the first place? THAT'S CRAZY!!! Who's going to sign up for that kind of ABUSE by the government? It ain't worth it! The capital of our country is going to FLEE to other places on the globe. Like YouTube channel Nomad Capitalist says, "Go where you're treated best". There will be a flood of people giving up their citizenships to go to other countries. And for those who say this unrealized gain taxation is only for those with $100M net worth, I don't believe it will stay at $100M for long. Social Security Income didn't used to be taxed and it is taxed now, which I think is wrong to do, because most of the people living off of Social Security Income are pretty darn poor. People that work a little and get Social Security Income get taxed on a good chunk of their Social Security Income, which was already taxed when it was withheld from their paycheck to begin with. The greedy government will change the rules at any time and tax and grab anyone.

[rvadventures]

I work for a guy like this, he keeps us busy with 1000's of home and hundreds of multi family homes that are rentals. Without guys like this there's no one other than black rock

[inmate]

Property tax is a tax on unrealized gains

[paulbrungardt]

" This applies only to people who have 100 million in wealth."---
First they came for the capitalist, and I did not speak out—because I was not a capitalist.
Then they came for the trade unionists, and I did not speak out—because I was not a trade unionist.
Then they came for the Jews, and I did not speak out—because I was not a Jew.
Then they came for me—and there was no one left to speak for me.
—Martin Niemöller--1937, Speaking of the Nazis in Germany

[Beckylouis-cc]

I came across your channel through this video—case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[MgtowRubicon]

Nobody should pay any tax other than a flat-rate consumption tax on finished consumer products with no deductions, credits, or exemptions for anybody.
Taxes should only be paid at the end of the productive cycle of capital, which is consumption.
Thus, only a flat-rate consumption tax on finished consumer products is the fair way to create tax revenue.
There would be no deductions, credits, or exemptions for anyone; the consumption tax is relative to the ability to spend and consume.

[greenrhinoproject]

So I just posted a fact check link that got deleted. This video was a waste of time because of these reasons at least for most of us who don’t make $100 million. This includes the new tax on unrealized capital gains.
It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains). Payments can be spread out over subsequent years.
Within that $100 million club, you'd only pay taxes on unrealized capital gains if at least 80% of your wealth is in tradeable assets (i.e., not shares of private startups or real estate). One caveat for this illiquid group is that there would be a deferred tax of up to 10% on unrealized capital gains upon exit.
In short, it would not apply to most startup founders or investors. If any group should be tweeting mad face emojis, it's top hedge fund managers.

[RoboPalInc]

Yup, it is an insane proposal that would destroy middle class completely.

[SUNSHINEAZ]

According to Forbes Harris's new wealth tax would work like this. "Households worth more than $100 MILLION would pay an annual minimum tax worth 25% of their combined income and unrealized capital gains. It's because the wealthiest people have taken advantage of the tax rules by paying lower rates, because they are able to tap into their resources by "borrowing money" rather than selling something that would trigger tax"
So, taxing the unrealized capital gains on these people is the only way to collect it. Ultimately, the big fear tactic is - if the rich are taxed on unrealized gains, then it's only a matter of time before it trickles down to the rest of us.

[Sanchyfab]

It seems like it could really shake things up for real estate investors.

[dalewatson]

Thanks for the video. Just before I saw it I was thinking the same thing, where can I go to get away from this pending insanity? We also have tenants, and if unrealized gains are taxed and rent controls are implemented we will just sell our under market rental properties and look for an alternative country. Who suffers the most? My tenants who will have to fight for whatever places to live at ridiculous prices, some who may end up homeless... Yeah, it's unbelievable policies the Harris team is proposing, and if implemented those policies intended for the poor will actually turn the poor into the destitute.

[ChristineEspinozaRealtor]

I thought this only applied to people worth over 100 million?
Also how are they going to do these calculations to come up with the correct numbers of those gains?
It’s an absolutely crazy proposal and I can’t find specific information on how it would be played out

[kimbrown]

In researching it - It looks as this would only apply to those that have over $100 Million Net worth. This wouldn't affect over 99.9% of people. So most of us are safe!

[danielsuniga]

Whether it only affects people worth $100 million or not, taxing an unrealized gain is ridiculous. As far as the government goes, like any other person, getting more money is never the solution. You have to learn how to properly manage it

[dukesofpreppercounty]

I absolutely love this idea!!! Tax 25% of unrealized gains to investors! But with 1 small tweak....25% tax only to foreign investors. Not US citizens.