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Updated over 5 years ago on . Most recent reply

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13
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2
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Evangeline O'Dowd
  • Holly Springs, NC
2
Votes |
13
Posts

Need help with the rental property calculator

Evangeline O'Dowd
  • Holly Springs, NC
Posted

I'm trying to determine if I should sell any/all of my rental properties in my area and invest somewhere else. Question: when using the rental property calculator, should I put in the current income/expenses or use the income/expenses in the year that I bought the property.  I've had some of them for several years and they've really increased in value.  Thanks for your help!

Most Popular Reply

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86
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84
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Paul Beets
  • Investor
  • Indianapolis, IN
84
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86
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Paul Beets
  • Investor
  • Indianapolis, IN
Replied

I would use the numbers of what is currently getting.    That will give you some kind of an idea what kind of return you are seeing per year right now.      Hopefully you are pulling profit and loss reports from your books and determing your return on investment each year anyways.

Also - be very careful of the tax implications of selling rental property.     You'll want to look into a 1031 exchange.

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