Aces High Bulletin Board
General Forums => The O' Club => Topic started by: Ripsnort on August 06, 2004, 07:33:32 AM
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Contact me for more information, I'll direct you to the Realtor selling it.
Lot 77, 29.570 acres with spectacular views and nice building sites. Power is across the road and phone line goes through the lot. Fenced with smooth wire "horse-friendly" fencing. Better than "seasonal access" due to lower elevation. A "must see" property.
Here is apic of part of the property in the winter:
(http://home.comcast.net/~ripsnort60/MontanaProperty.jpg)
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How much? Now that would be a nice place to retire. Reminds me of "Legends of the Fall"
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You got anything a little flatter?? ;)
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Where I am taking the pic is about 10 acres of flat, and green pasture-type area. The wifes standing near the edge of the property. I am standing where we would have built a porch on our A-Frame. We've decide to re-invest the money into a piece of land up on Flathead lake area.
This lot here is 70 miles North of Yellowstone. Right below us is probably one of the best trout fishing rivers in the state, Madison.
Snapperhead, email for the price.
soupnazi60@yahoo.com
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What??? Ripsnort is selling a terrorist training camp in the afghan mountains?
:eek:
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Originally posted by GRUNHERZ
What??? Ripsnort is selling a terrorist training camp in the afghan mountains?
:eek:
LOL! We need more Seal training, Grun! ;)
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Almost forgot one of the best parts of this area, You also have fishing rights to two mountain ponds. No such thing as 12" trout there, you start at 2 lbs. ;)
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Looks great Rip...but I won't buy US property.
Has to do with Estate taxes and the possibility that if I died while owning US property I'd lose half of the value to your wonderful government's tax authorities.
It's too bad. My sister was looking to buy a condo in Colorado for skiing trips. It would have been nice to have use of that. She asked me what I thought of the property and I mentioned the wee tax issues that could, in a worse case scenario, arise. It killed the idea.
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Originally posted by Curval
Looks great Rip...but I won't buy US property.
Has to do with Estate taxes and the possibility that if I died while owning US property I'd lose half of the value to your wonderful government's tax authorities.
It's too bad. My sister was looking to buy a condo in Colorado for skiing trips. It would have been nice to have use of that. She asked me what I thought of the property and I mentioned the wee tax issues that could, in a worse case scenario, arise. It killed the idea.
Vote Kerry!
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Originally posted by Curval
Looks great Rip...but I won't buy US property.
Has to do with Estate taxes and the possibility that if I died while owning US property I'd lose half of the value to your wonderful government's tax authorities.
It's too bad. My sister was looking to buy a condo in Colorado for skiing trips. It would have been nice to have use of that. She asked me what I thought of the property and I mentioned the wee tax issues that could, in a worse case scenario, arise. It killed the idea.
My neighbors here in WA don't think like you, they think investment and have most of their lives. They're in their early 50's and retired because of such investments.
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Originally posted by Ripsnort
Where I am taking the pic is about 10 acres of flat, and green pasture-type area. The wifes standing near the edge of the property. I am standing where we would have built a porch on our A-Frame. We've decide to re-invest the money into a piece of land up on Flathead lake area.
This lot here is 70 miles North of Yellowstone. Right below us is probably one of the best trout fishing rivers in the state, Madison.
Snapperhead, email for the price.
soupnazi60@yahoo.com
Was joke'n! The area looks beautiful!
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Curval,
If you are seriously interested in buying property in the US you should hire someone who knows US tax laws. To lose 50% of the value because of the estate tax would require remarkable financial ineptitude.
First, there is a $1.5 million exemption. How much property were you going to buy? Secondly, if you leave your property to non-US citizens, I'm pretty sure they don't have to pay a US estate tax.
If you can afford to buy more than $1.5 million in US property, you can afford a decent tax attorney to guide you through the paperwork.
ra
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Originally posted by GRUNHERZ
Vote Kerry!
Why on earth would I do that...even if I could.
The elimination of estate taxes would be a republican desire...not a "tax-all" democratic government.
I hate Kerry.
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Originally posted by Ripsnort
My neighbors here in WA don't think like you, they think investment and have most of their lives. They're in their early 50's and retired because of such investments.
Are they non-Americans?
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Originally posted by Curval
Are they non-Americans?
Curval, I'm pretty sure you can buy and sell property without being a US citizen, the taxes you pay for a sale is 28%.
Think investment. ;)
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Originally posted by ra
Curval,
If you are seriously interested in buying property in the US you should hire someone who knows US tax laws. To lose 50% of the value because of the estate tax would require remarkable financial ineptitude.
First, there is a $1.5 million exemption. How much property were you going to buy? Secondly, if you leave your property to non-US citizens, I'm pretty sure they don't have to pay a US estate tax.
If you can afford to buy more than $1.5 million in US property, you can afford a decent tax attorney to guide you through the paperwork.
ra
When I was researching the issue that exemption was for US residents only.
The second point was a non-starter too.
Maybe the rules have changed.
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Originally posted by Ripsnort
Curval, I'm pretty sure you can buy and sell property without being a US citizen, the taxes you pay for a sale is 28%.
Think investment. ;)
You missed my point.
Sure I can buy and sell US property. But, if I die while holding US real property it attracts US Estate duty taxes.
I think investment all the time. Conservative investments.
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Here are some Non-resident US tax laws Curval.
http://invest-faq.com/articles/tax-non-us-nat.html
Yeah, I probably did miss your point. you were thinking of after you were gone, I was thinking of living in today and investment. :)
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For ra (http://www.mortgage-investment.com/Investors_in_Real_Estate/overseas_investors_in_US-real_estate.htm)
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Take a look at my link Rip.
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Originally posted by Curval
Take a look at my link Rip.
I don't know too many people who think about dying at age 40 Curval, most of my peers are thinking investment. But I understand where your coming from, so consider yourself unable to qualify for this property. :)
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Live for today and don't worry about the future?
Accidents happen. People die every day "before their time".
Whenever I get involved in ANY investement I always think "What will happen to this if I get hit by a bus tomorrow?"
Must be the accountant in me. I do the same thing for my clients.
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Nothing wrong with thinking future, Curval. Another angle is what this will be worth in 5 years, the captial gain would outweigh the property taxes paid. Its worth 7 times more today than it was when I bought it in 1991.
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Curval,
It's a shame but US tax codes are way more complex than a 2-sentence blurb on a web site can encapsulate. The US has death tax treaties with most European countries, plus Canada and Japan. Unless you are from Outer Mongolia, you would probably qualify for the same death tax as a US citizen. But my point is that unless you have spoken with someone who knows the ins and outs of the US tax code, you can't make an informed decision about the estate tax. Or any other US tax, because the tax code is frikken insane.
ra
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True, IF I live for those 5 years. If not your government takes half, or close to half, of the value. I think my wife would have 90 days to get the cash together otherwise the property would be sold and the taxes removed from the proceeds.
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Originally posted by ra
Curval,
It's a shame but US tax codes are way more complex than a 2-sentence blurb on a web site can encapsulate. The US has death tax treaties with most European countries, plus Canada and Japan. Unless you are from Outer Mongolia, you would probably qualify for the same death tax as a US citizen. But my point is that unless you have spoken with someone who knows the ins and outs of the US tax code, you can't make an informed decision about the estate tax. Or any other US tax, because the tax code is frikken insane.
ra
ra...agreed.
I did speak to a few advisors when the issue of the Colorado property arose.
In many cases you can get tax relief when your country of domicile has a double taxation treaty with the US.
We don't.
That site I posted has it right...the tax laws for non-residents are draconian.
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I'm sure a good builder would be able to underpin the foundations and shore it up so that it's straight again.
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Originally posted by beet1e
I'm sure a good builder would be able to underpin the foundations and shore it up so that it's straight again.
:lol Took me a 2nd cup of coffee to "get it". :)
Here is an icefishing pic at the upper private lakes, this was all for about 45 min. of fishing, good thing too because it was -5 degrees this day:
(http://home.comcast.net/~ripsnort60/Montanafishing.jpg)
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Looks fantastic... sent you a note.
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Looks like a great spot to start my CULT.
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How much $$$$?
Thinking about moving with my Anguses :D
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Originally posted by Sandman
Looks fantastic... sent you a note.
Replied Sandman.
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Originally posted by Angus
How much $$$$?
Thinking about moving with my Anguses :D
Originally posted by Ripsnort
Contact me for more information, I'll direct you to the Realtor selling it.
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Originally posted by JBA
Looks like a great spot to start my CULT.
LOL
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Do you take Paypal??
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Originally posted by JBA
Looks like a great spot to start my CULT.
LOL! The locals claim the only "cult" are the Californians moving in by the droves. They filmed the show "Gunsmoke" about 15 miles east of here in a town called "Virginia City". The stars all stayed in Ennis, 10 miles down the road from here. Hollywood has also filmed parts of "A river runs through it", "Lonesome Dove 1" and "Lonesome Dove 2" and other movies in the Madison valley that you're looking at in the pics above. There are probably more californians living in the Madison valley today than locals. Ted and Jane Turner have a big Buffalo ranch about 20 miles from here. Steven Segull used to own a ranch that borders this Property Owners association land, but he beat up his ex-wife (and after she divorced him, he sent his body guard to beat her up again) and he had to sell it.
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Originally posted by Ripsnort
Ted and Jane Turner have a big Buffalo ranch about 20 miles from here.
Didn't they divorce? Wait just a dog gone second.
JANE FONDA is your neighbor?!?!?
The property is worthless!
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Originally posted by rpm371
Didn't they divorce? Wait just a dog gone second.
JANE FONDA is your neighbor?!?!?
The property is worthless!
They're never home. They have a staff of over 200 taking care of their ranch. ;)
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Yeah Rip, but it's already been contaminated. Probably has worked it's way into the ground water by now. ;)
Beautiful land up there.
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**** what i wouldn't do to live up there. :( i love that river.
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I second rpm post
kidding......any pheasant or quail ?
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Originally posted by the DudeDVant:
You got anything a little flatter??
What, are you from Kansas or something? Nice property Rip!
I know that living in WA state with Mt. Ranier in the background has given me a serious affliction to any flat land.
:aok
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Originally posted by GRUNHERZ
Vote Kerry!
Yea like we havent sold enough of this country off already to the japs
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I like your pink snowsuit, Rip.
jk, awesome piece of land you've got there. No mountains within 50 miles of my house. :(