When you sell your multi-family asset, closing costs and taxes play a big role in what you end up putting in your pocket afterward. I want to go over a sweet spreadsheet that will show how the closing costs and taxes are calculated and how they affect what you put in your pocket when the sale is complete. Now I'm not an attorney or a CPA, so make sure you run all of this by your professionals before you make decisions. In the link to the video below, you’ll see a visual of a 3-tab spreadsheet I created, which I share on my website HERE, that will help you understand how to use these calculations to determine your profit. Click on the button that says "After Sale Tax Calculations."
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