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22 March 2024 | 88 replies
That's not including tax benefits.
22 March 2024 | 14 replies
We offer all 3 options (4 if you include email which go to a unified inbox).
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22 March 2024 | 132 replies
Tulum’s bypass to reduce city traffic.
4.
22 March 2024 | 0 replies
This puts us somewhere between 18-27mo pending sale.Land Acquisition: 1M + 50K in closing costsHard Costs:Demo: 50KConstruction + Architectural Plans (survey, topography, permitting included) = 1.6M + 80KPool: 100KSoft Costs:Appliance package: 50KFurnishings: 75KLandscaping: 20KAnnual Carrying Costs (utilities/property tax/maintenance): 45KTOTAL: 3,025,000.00 After speaking with two lenders, it seems the best course of action would be to put 20% down on land for 12mo/interest only.
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22 March 2024 | 5 replies
This typically involves making regular payments, including interest, over a specified period.
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25 March 2024 | 118 replies
There are tons of developments around my property including the Oracle campus, so the future looks quite promising.
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21 March 2024 | 10 replies
There's a ton of information online, including here on BP, that you can research.
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22 March 2024 | 4 replies
From my understanding, if its passive income, just a room-by-room rental, it would go on your schedule E just like any other rental. if its active, like a short term rental situation or mid-term, something like an airbnb or bed and breakfast where you're actively including extras, it would be filed on a schedule C. disclaimer, im not a tax person, so double check this with your tax pro. when you go to qualify for your next purchase, whether that's for primary or inv., using a full-doc loan... if its schedule C, you would need to do a 2 year average of this income in order to use it. its looked at as a business, and self employment income. if its schedule E, theoretically you could use the schedule E income calculations just like any other rental even after the first filing.
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20 March 2024 | 1 reply
These can reduce your tax bill directly, dollar for dollar, making them an attractive opportunity!
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22 March 2024 | 7 replies
Total sale price less all expenses paid for that property, including purchase price, is your profit.