
31 March 2018 | 8 replies
I note that you asked specifically about “cash-flows”, which has multiple components each treated differently for tax purposes.In general, you can start with NOI, next you have debt service and cap ex, which can get you to cash-flows.The interest portion of your debt service is tax deductible (possible subject to limitations) and the principal portion is not because you get basis in the asset for the loan principal, which generates a depreciation deduction.Similarly, cap ex is generally not deductible currently but the expenditure is capitalized and depreciated, similar to the initial basis in the asset.In summary, you have cash and non-cash tax items that cause your taxable income to differ from your cash-flows and taxable income * tax rate determines your tax liability.

29 March 2018 | 6 replies
What we had to do was to look for deals that were not your plain jane deals. 110 units has a HOA component of 38 condos, big institutions don't like and Agency debt is not an option.

7 September 2018 | 8 replies
No one in the community wants to vote for that rule because they want the flexibility to rent out the unit in case anything happens.Condo's are usually against short-term rental/Airbnb's but otherwise I don't think anyone will have any issue with a year long tenant especially when they don't have a rule defined against it in the association laws.Just be mindful of your neighbors and extra cautious when you screen your tenants, which you should do anyways.

3 April 2018 | 23 replies
this is a common theme of course on BP its pretty much every day.and you pretty much have all those that live in a market target a market .I like @James Wise cut and paste responses he does .. he nails it well and its worth cut and pasting every time someone ask the same question that has been asked 1000 times.I like to Add James that when going out of market.. also if you simply buy at the median price points of any given MSA your buying in an area were you have a lot of homeowners buying generally... so you get a mix of cash flow and appreciation and or more important you have a defined exit IE you can sell to a homeowner as opposed to buy at the bottom of the price point and the only out is to an investor..And Frankly your company is kind of a unicorn in the US.. there are not many companies like yours that specialize in reselling these assets for individual owner/investors.
29 March 2018 | 3 replies
The rule is that your purchase price should be allocated between land and building in the same ratio as the value of each component bears to the value of the property as a whole.So let's say the property is worth $100,000 with $60,000 of the value attributable to land and $40,000 attributable to building (you can use any reasonable method to determine this; one easy way used by many is the assessor's split, though there are other methods that could yield a better answer for you).You buy the property at a huge discount for $10,000

2 May 2018 | 9 replies
I am not interested to meet with potential buyer on your defined date and time and neither I am interested that i have you as a messenger to forward my requested meeting time.""

2 April 2018 | 5 replies
@Lauren Keen I am not sure one way or the other if you can take the deduction since I don't have all the facts, but I can tell you that the real estate professional designation is not a requirement to take the home office deduction with respect to a rental activity.There is nothing in §280A (the home office section in the tax code) that mentions being a real estate professional is required in order to take the home office deduction for your rental activity.However, in addition to the rules regarding the space itself, there is the requirement that the taxpayer's rental activities rise to the level of a trade or business, which the Treasury has conveniently never defined for us.But it seems that rental activities would rise to the level of a trade or business if the activities are substantial, regular, and continuous.However, there is a case, Curphey v.
3 June 2018 | 15 replies
I have added the definitions below for others on the site who may find the information helpful.Before, you can determine if an eviction or ejectment is the right course of action you must first have define what the person living in your home is.

2 April 2018 | 4 replies
Use of Lots.The Lots shall be occupied and used as follows:(a) No Lot (as "Lot" is defined in paragraph 1 (b) above) shall be used except for single family residential purposes.

4 April 2018 | 33 replies
Florida law defines brokerage activities as:A BAR SALEAdvertisingBuyingAppraisingRentingSellingAuctioningLeasingExchaningFOR ANOTHER.