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10 August 2024 | 1 reply
To give you some perspective on what those tax increases can look like here are some examples of the changes based on some of my properties that I own in the city:$4096 -> $5522 (+1426)$3850 -> $5516 (+1666)$3835 -> $6283 (+2448)These are only some examples, but all of the properties that I own have increased in its tax assessed value, therefore drastically increasing the taxes per year and decreasing annual cash flow.While tax assessments are normal it seems that this is a very drastic effort to recuperate losses.
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9 August 2024 | 0 replies
So, this created a few issues along the way and ultimately a loss of potential profit.
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14 August 2024 | 64 replies
Long story short through their Facebook community and paid services my site has recovered and considerably stronger than before.
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7 August 2024 | 8 replies
Every time it was handled differently LOLIt should still be up to 25% (it could be less if your marginal bracket was less, but its not in your OP).Incidentally, you can offset the depreciation recapture with capital losses.
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8 August 2024 | 8 replies
I have successfully recovered many troubled projects.
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9 August 2024 | 16 replies
Sometimes (talk with your accountant) a loss in real estate can off-set income in other areas.Let us know what you decide and how it works out.
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12 August 2024 | 13 replies
Job loss, divorce, severe illness, Covid impacts, etc.
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10 August 2024 | 10 replies
At the current rents, I think it would be a loss.
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8 August 2024 | 3 replies
I’ll be out of state, which I know is a big red flag for many.Well below 1% minimum of Rent/Property ValueHoping to self-manage (Yes, another big red flag)Loss of capital gains exclusionMONTHLY SUMMARYRental Income $3,500Less ($3,440) Mortgage (2,900) HOA (390) Rent Ins (150)Less ($1,155) Property TaxTot Exp ($4,595)Rev: ( $1,095) !!
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7 August 2024 | 73 replies
If developers aren’t building because it cost too much due to inflation, and why would developers spend all this money to build and then take a loss on the sale?