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27 July 2022 | 6 replies
Help please in learning how passive losses can offset Cap Gains.I watched Brandon Hall's great #45 Daily Smart Tax video but my Turbo Tax seems to have a different opinion.Form 8582 calculates Passive loss Limitations.I have rental homes with PM but active participation.
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12 August 2020 | 3 replies
As those restrictions are lifted, it is anticipated that courts will experience a large influx of eviction case filings due to increased unemployment and financial losses resulting from the pandemic.
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29 September 2022 | 3 replies
Dwelling limit: Insurers vary quite a bit in the amount of coverage offered to replace the building in the event of a total loss.
8 August 2017 | 1 reply
I find it amazing that only 2.1% change in home ownership was this catastrophic. And, of course, it could never happen again. LolHome ownership has never been 100% in the United States. Many people think that the vast...
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17 August 2017 | 27 replies
If he can complete the renovation for $30,000 in 6 months, and a contractor can complete the renovation for $50,000 in 2 months... you have to look at the rent loss, holding costs, and where your husbands time could have been spent in those extra months.Do you have the funds/ability to do multiple projects at once?
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27 August 2017 | 13 replies
the rent could be equal to the sum of the principal/interest/taxes/insurance/etc. that way it would be a break even venture with no loss or gains. if they ever get tired of living there just move and the business could rent it to someone else and actually make additional profit.
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29 August 2017 | 4 replies
General assumptions I am making thus far include (assume duplex on deal below though per unit figures provided to generalize how I'm analyzing anything in the 2-4 unit range):Financing:-3.5% - 10% downpayment (depending on total capitalization), 4.65% interest rate o/ 30 year term-1.75% upfront PMI required, with 0.8%/year amortized into loan payments for ongoing PMI-3% plug for closing costs-2% of loan amount for financing fees-8% vacancy/collection loss-$450/unit/year insurance-7.5% Mgmt Fee on gross potential income-$500/unit/year for R&M-$300/unit/year for capital reserves-All utilities pass through to tenant-$30/month for landscaping-$40/month for pest controlAs mentioned, my cash flow after debt service on nearly all deals I look at (after adjusting the brokers' 20% expense ratio up to the 40-45% I am comfortable with) turns out negative or nearly $0/month, making me question whether the selling prices are absurdly high right now, whether my assumptions are far too conservative, or whether levering a deal to 90-96.5% (utilizing FHA 3.5% or anything up to 10% down) prevents anything from working due to the high monthly cost of financing which includes PMI.
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19 June 2020 | 4 replies
Being houses don't, on average live as long as people, this variable, which is found wanting, will actually have a heavier weighting than the demographics variable.Overall, I think it is difficult to tell which direction things "should" be moving.
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24 April 2022 | 3 replies
That would force you to quickly sell off your real estate, likely at a substantial loss, and sounds pretty risky to me.