Roman A Elizarov
A Humble Beginning in Real Estate Investment = a Modest Townhouse in Hammond, IN
25 February 2024 | 0 replies
Despite the initial setbacks, we got a remarkable cash-on-cash return of 37.5%, far surpassing industry standards: Cash-on-cash return (Hammond Townhouse) = $12,000/$32,000 = 0.375 = 37.5%.
Account Closed
Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
23 February 2024 | 65 replies
Here's a breakdown:Taxable Income Calculation:The portion of your rental income that surpasses the combined sum of depreciation and deductions contributes to your taxable income.Tax on Excess Rental Income:The excess rental income is subject to your regular income tax rates.
Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
27 February 2024 | 2053 replies
Once you surpass $150,000, you cannot deduct any of the passive rental losses (they get carried over).Does this make sense?
Logan M.
Red Vs. Blue States real estate investing
21 February 2024 | 45 replies
A return in real estate can literally be made hundreds or more ways.People are too busy chasing other people doing investments and think they have to match them or surpass them. 5 million, 100 million, 1 billion doesn't mean squat if you are not living the life you want.
Shannon D.
Question about Collecting Tenant Excessive Damages Repair Cost in Florida
11 February 2024 | 5 replies
Our tenant vacated our property, leaving extensive damages that surpass the security deposit.
Forest Wu
Best Cities for 2024? Strategies?
12 February 2024 | 31 replies
Detroit stood out as an unexpected frontrunner, registering the highest year-over-year home price growth among the metro areas analyzed in the report and surpassing Miami for the first time in 16 months.Detroit has transformed into a metro area, gaining popularity as an affordable destination for higher-tier housing.
Jonathan Weinberger
Today I fired the Own It Detroit team after spending over $800k with them.
12 February 2024 | 60 replies
Of course, we racked up major construction bills and we paid those in full, but the portfolio is now stabilized, collecting $9,000 in rents, but every month, like clock work, the expenses surpass the amount collected.
Giovanni Escobar
Highest interest rate on owner finance in TX
8 February 2024 | 7 replies
10% Unless it's a small loan then the APOR rate comes into play, and you can't charge much A 1st lien mortgage, a mortgage loan is considered "higher priced" if the APR (annual percentage rate) surpasses the APOR (average prime offer rate) by 1.5% or more.
Jonathan Rivera
Investing remotely out of state
7 February 2024 | 21 replies
Have you heard that Detroit stood out as an unexpected frontrunner, registering the highest year-over-year home price growth among the metro areas analyzed in the report and surpassing Miami for the first time in 16 months.
Jayvelyn Carbonel
Detroit Outranks Miami for the first time.
1 February 2024 | 3 replies
Detroit, in particular, stood out as an unexpected frontrunner, registering the highest year-over-year home price growth among the metro areas analyzed in the report and surpassing Miami for the first time in 16 months.