4 September 2018 | 11 replies
Your taxable income may be more than $15k (from capitalization of improvements, for example) or less than $15k (from depreciation or cash-out refi).
30 August 2018 | 3 replies
The $50k could be used as a down payment on a distressed multi-family, for example.
11 September 2018 | 12 replies
If they ask about credit criteria for example, you can then have a good indication they won't be a good fit.3.
30 August 2018 | 2 replies
Similarly, I do not expect in most areas of San Diego the STR regulations will have much impact on the rents.However, certain beach communities, such as Mission Beach where our STR is located, have enough STRs that there may be a resulting price decline but I would not view the price decline as a price reduction because the profit of the RE is substantially different when it cannot be used as an STR.I will use our STR as an example.
12 September 2018 | 4 replies
I’ll just give you an example: buy a duplex for 100 put in 20 sell for 200 then use the 100 for a fourplex that costs 400, raise the value to 600, sell and 1031 into something that costs 800, raise the value to 1M, sell, trade up, and on and on.
30 August 2018 | 1 reply
With most of the real estate around me not having good cash flow numbers, I stated looking at some trailer/manufactured home parks.One near me in south Ypsilanti (south of I-94) has some going from between $10k-$40k a $10k example is 900 sq ft 2 bedroom that rents for $760/mo.
31 August 2018 | 1 reply
(Not trying to avoid taxes or anything similar)It seems that utilizing a LLC, established in New Mexico/Wyoming for example, may be the best way to achieve this, as a holding company.
3 September 2018 | 51 replies
Another prime example of why BP is such an amazing community.
30 August 2018 | 1 reply
For example: Property 1 Loan amount $300k, Property 2 Loan amount $200k You sell property 2 for $400k which equates to $200k "profit" that is rolled to pay down on the $300k note.
31 August 2018 | 15 replies
If cash and capital gains are mixed then it gives rise to a pro rata treatment for tax benefits.For example if an investor invested $500k capital gains and $500k cash into a QOZ fund (and received stock) only 50% of the appreciation on the stock after 10 years would be tax free as only 50% of the initial investment was capital gains.The form to self-certify as an OZ fund has yet to be released by the IRS.If you have already invested cash into a QOZ for the tax benefits I would highly recommend you speak with a specialized real estate CPA who is well versed in QOZ's.