Hello, I got some caffeine in my system so let me know if you do not follow. 1a) I know that Interest on the mortgage is deductible 1b) I know that property depreciation is tax-deductibleTotal Tax Deductions = (Inter...
Investment Info:
Large multi-family (5+ units) buy & hold investment in Hixson.
Purchase price: $770,000
Cash invested: $160,000
12 total units (4+8 in 2 separate buildings). Commercial loan thro...
Forced appreciation is one of the biggest opportunities i see in MF over SF, but i don't know if i am thinking about this the correct way. If I am buying a $21,620 revenue stream for $239,000 (9 cap), with an investm...
Need some help analyzing a financial statement for an apartment complex. Just wondering if capital improvements should be part of the expenses (i.e. should they be deducted from gross income to arrive at NOI). In this...
I'm growing my rental portfolio and I am a little confused about how to handle my taxes.
With Maint expenses do I need to record them as they come in and then deduct from Income for my taxes?????
OR.
Can I put asi...
Can a 1031 be used to:
1. Construct a property from ground up? (build a house)
2. Do a build out or rehab?
Thanks!!
I just purchased my first investment as a house hack, with the intent of living there for a year or two, and I am seeking clarification on a few things relating to the accounting side of this. The property is a 3-unit...
Quick question here. When accounting depreciation on a property can you depreciate the appraised value of the home or only the equity invested. Thanks !
Hello,My partner and I have recently come across an opportunity to buy a plot of land for a group of home builders. The deal has since changed, and now we are unsure if we should proceed or not. Originally the deal wa...
It's commonly accepted that principal pay down is really profit, even if not Cash on Cash, as it is still a credit to your asset column. Why doesn't that logic extend to maintenance dollars budgeted from the rental re...