Hello, I'm in the stage of figuring out where my money is going. When I hear people say, "Live off 50% of your income, invest/save the rest" how would I calculate that amount? I know the difference between GROSS and ...
Can someone explain to me how tax depreciation works as an LP? At what point do I actually pay taxes on my capital gains? Is it really just deferment and at some point I'll have to pay on all of it? Seems like a too...
Have been going throught TIMI for a few properties. Is there an accurate way to know what property taxes will be if there will be a substantial increase in property value at purchase price? Is it safe to use comparabl...
I have 2 rental properties. I have mortgages on each and am depreciating each. I am taking deductions for everything including travel (relatively local) and meals, plus the obvious like repairs, cleaning, etc.
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Hi Bp I have been an independent contractor for most of my life. I am trying to understand exactly what a typical bank looks for when I apply for a residential mortgage. What number on my tax return will they use to ...
Unsure about Ca capital gains tax. My scenario:Bought a duplex 13 yrs ago for $237,500 but haven't lived in it for the last 6 yrs. want to list for $350,000. Will I be paying capital gain tax federally and through Ca?...
I estimate I could rent for approx $1600/month in my market. Here are my options...I could sell this property and make approximately $40k right now (lived here for 2.5 years) or rent it out and sell later. below are n...
I heard the discussion that mentioned there are bonds now yielding 7%. The maximum one can purchase is $10,000.
Is the 7% compounded monthly? Does that mean that after five years if one invested $10,000 one would cas...
I'm underwriting a property and I'm trying to implement property taxes into the expenses but they aren't listed in the t-12. Any tips on figuring this out?
I'm looking to invest in one of the multi-family properties in Columbus and the purchase price is going to be $300K for 4 units. Currently, the owner is paying around $5,400 in property taxes as confirmed from https:/...