Jacob Wohlgemuth
How to Avoid Capital Gains
18 April 2024 | 6 replies
So, where can she move her money after selling in order to avoid capital gains tax?
Michael Goodman
Help Look Over My Quick Underwriting
17 April 2024 | 5 replies
Property: HereComp: Here (Sold on 8/1/2022 same street)84 Grangerford Hts, West Henrietta, NY 14586Listed : 100kHML at 80% of ARV (240k) = 192kInterest only payments (10% interest)(192k x .10) /12 = $1,600/monthPoints = 2 (192k x .02) = $3,840Loan origination fee's = $1,000Additional monthly holding costs:- Taxes (5k/12) = $416- Insurance = $60- RGE = $120Total monthly = $596Duration of rehab = 6 monthsInterest only ($1,600 x 6) = $9,600Points = $3,840Origination = $1,000Holding costs ($596 x 6) = $3,576Total Holding costs = $18,016Loan amount of 192k:Subtract:- Purchase price = 100k- Closing costs (4%) = $4,000- Rehab = $50,000Totaling = $154,000Remaining balance on loan= $38,000Sale at $240,000:(-) (Realtor fee's (6%), closing costs (4%)) = $24,000(+) $38,000 Remaining from HML(-) Holding costs ($192,000 + $18,016) = $210,016Profit ($240,000 + $24,000 + $38,000 - $210,016) = $43,984 - (capital gains at 22% completely estimated) = $34,308Buy and hold:Appraised at $240,000.
Sudhi Avula
claiming Bonus depreciation
18 April 2024 | 7 replies
If I manage the property on my own next year (2025), will I be able to change the depreciation to bonus depreciation when I file my 2025 taxes and get the tax benefits of bonus depreciation?
Miguel Garcia
INVESTOR FRIENDLY TITLE COMPANIES
18 April 2024 | 13 replies
Lower fee in lieu of more deals?
Julio Gonzalez
Are You Reviewing These 6 Key Areas of Your Business?
18 April 2024 | 6 replies
It’s also important to sit down (or have a virtual meeting) with your accountant on a quarterly basis to review your financials.Tax deductions are maximized.Ensure you’re getting proper tax planning done throughout the year, so you are minimizing taxes.
Ashley Tarver
1031 like kind exchange requirements
18 April 2024 | 3 replies
It isn't always 100% tax efficient to do this, depending on circumstance)
Kuwayne M green
Rookie Real-estate Investor
19 April 2024 | 6 replies
Analyze the finances in detail to understand the potential ROI, cash flow, expenses, financing costs, and tax implications of each property.
Olga Daisel
Tax on loss and gain
16 April 2024 | 5 replies
Should I pay state tax on the one that shows positive even though the entire portfolio is at loss?
Dylan J.
Off Market deal etiquette - agent representation
18 April 2024 | 11 replies
Rules to make it easier for a buyer to negotiate fees or use no agent at all.When I was an SFR buyer, I used/worked with my agent for every deal (purchase and sale).