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9 August 2024 | 4 replies
But also if a roommate decides to move out the rent remains the same.To add a tenant to a lease;1.
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10 August 2024 | 11 replies
Much of What remains of Detroit appears to be brick, a low maintenance exterior.
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5 August 2024 | 7 replies
How can I find the balance between deducting expenses and remain lendable?
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8 August 2024 | 0 replies
Let’s start with a few notable facts:26% of all renters in Worcester and 17% of residents citywide don’t own or have access to a private automobile.In downtown Worcester, 41% of renters and 38% of all residents don't have access to a private vehicle.Buses in Worcester became fare-free in 2020 and are currently slated to remain that way through June 2025.It's challenging to charge an electric car if you live on the third floor of a triple-decker and don’t have access to a driveway.Do people choose not to have cars?
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8 August 2024 | 11 replies
I'm frankly surprised at how robust the market has remained.
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19 August 2024 | 3705 replies
Have a year until leases are up but positive side is if fill 3 remaining leases should cash flow a little, just over $200 a month.
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7 August 2024 | 8 replies
However, the remaining gain not covered by the Section 121 exclusion is taxed at your ordinary income tax rate.Here's how the calculation typically works:Calculate the Depreciation Recapture: The $9,000 of depreciation would be recaptured at a maximum rate of 25%, which is $2,250 (25% of $9,000).Calculate the Remaining Gain: Subtract the excluded amount (Section 121 exclusion) from the total gain: $100,000 (Total Gain) - $9,000 (Depreciation Recapture) - $250,000 (Section 121 Exclusion) = $0Tax the Remaining Gain at Ordinary Income Rate: Since the remaining gain is $0, there would be no additional tax on the gain.So, based on this calculation, it seems like there should not be any additional tax owed after taking into account the Section 121 exclusion and the depreciation recapture at a maximum rate of 25%.It's essential to review your calculations and ensure that you are accurately applying the exclusion and depreciation recapture.
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8 August 2024 | 14 replies
And they are located beside multi-million development which will bring up the value in 4-5 years, if the market remains the same.I have clients who are selling because they have some equity but are cash flow neutral/negative and fear some assessment.
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9 August 2024 | 17 replies
Although Cape Coral has potential to retain higher appreciation rates in the short term, long term, they're expected to remain very similar.
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8 August 2024 | 3 replies
In doing so, assuming equity remains or has increased, you would profit.