Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!
Jacob Hrip
Book on estimating rehab costs
30 December 2024 | 4 replies
However, I still struggle to understand the art of estimating rehab costs.
Kyle Carter
Ohio Legal Considerations for Rentals
3 January 2025 | 2 replies
Hello BiggerPockets Community!I am about to buy my first property in Ohio and I would like to gain as much information as I can in regards to the different legal issues of which I can face in Ohio. In regards to tenan...
Steven Radolinski
Insights into the Albuquerque Real Estate Market: Opportunities and Considerations
12 January 2025 | 8 replies
Hello BiggerPockets Community!
I've been diving deep into the Albuquerque, NM real estate market recently and wanted to share my findings and insights with fellow investors. Whether you're a local or considering inve...
Vincent Plant
Hard Money Costs Too Much?
13 January 2025 | 15 replies
Does Hard Money typically cost 30-40% of the purchase price??
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Cost segregation utilizes the MACRS approach.
Wiley Hood
Are DIY cost segregations a good idea?
12 January 2025 | 28 replies
Most cost segregation firms will provide a free cost/benefit analysis quote to help you determine if the tax benefits from the study will outweigh the costs.
Guillermo P Manso
I need advice and estimate costs
26 December 2024 | 7 replies
I’m not from the US and currently live in Europe most of the time.I’ve found some apartments that could work well for my needs—I plan to rent them out on Airbnb and reserve a few nights for myself when I travel there for work.My question is: apart from the purchase price (I’ve seen listings on Zillow averaging around $150k in areas like downtown Dallas, Old East, and Plano), what other costs should I expect—both during the acquisition and in monthly payments?