
5 January 2022 | 1 reply
Hey all,I have been doing some learning about tax implications for owning rental properties and I had a question.Its my understanding that you can carry over net operating losses from year to year basically indefinitely until you sell one day and can write them off of your capital gains.I also understand that if you purchase an asset for your rental, say a refrigerator, you have the choice to either deduct the full amount for that tax year, or depreciate the refrigerator over a certain amount of years and take the deduction divided up between those years.My question is why would it ever be advantageous to depreciate an asset rather than simply deduct it for the current year, even if you are already operating at a loss, if those losses will just carry over indefinitely?

5 January 2022 | 3 replies
When I say this I mean that if you are restricted by capital that keeps you. below the 100k mark then you really don't have much of a choice, however if you have more liquidity that is possible to use then you could go int it with the goal to find something under the 100k mark and still be open to higher priced deals that may have other upside like appreciation and overall area development that increases the price of the home over time- (capitalizing on gains that may not be received by buying in An area that is lower entry but provides great CoC return/ cashflow only as opposed to larger appreciation in addition to okay cash flow.)

21 February 2022 | 7 replies
Sometimes, you can move them slightly if the income approach is much higher, but your best bet to move an appraisal is meeting the appraiser while they are performing the appraisal and talking up how great the asset is, the improvements, the shortcomings of other comps, etc.

7 January 2022 | 21 replies
To achieve that you would need to make improvements to the property or add square footage so that it is better than other homes in the neighborhood.Your best bet for no money down is finding a dump, fixing it up, renting it out and then refinancing because the appraisal will be substantially higher.

6 January 2022 | 4 replies
Now, if you can get the interest lower, which in turn would increase the CF, then even better, but if it's a choice between higher interest and higher CF, the choice is 100% of the time the same...higher CF.

7 January 2022 | 1 reply
BiggerPockets is a great place to start but Facebook is going to be your best bet for finding wholesalers online.

6 January 2022 | 5 replies
But, I would also bet a lot of it is by sophisticated investors deciding it’s time to buy that dream vacation/retirement home and rent it out (short or long term) until they’re ready to quit/retire.

24 January 2022 | 25 replies
If it's 5 acres, I bet it's been designated for agricultural use.

9 January 2022 | 9 replies
FHA or a 3% down conventional loan would be a good choice.

7 January 2022 | 6 replies
Unless you have a deal in the works, need cash fast, have other debts, or have fears about the market a conventional cash-out ReFi is the optimal choice.