Rick Rucker
Memoirs of a mortgage broker: Accounting tips=Depreciation!!!
Many folks find out the hard way what items can be utilized as income in a financing transaction. While most lenders view things case by case depending on line of work, almost ALL will include the following expense as...
Julio Gonzalez
7 Key Factors to Consider When Evaluating a Property for Cost Seg
I am often asked how to determine if a cost segregation study should be performed on a specific property. Here are the top 7 factors to ask yourself when trying to decide.
Did you recently sell the property? If you...
Nicholas Benoist
Capital Gains Tax Deferment
The scenario: An LLC owns a rental property valued at $500k. There is a $200k mortgage remaining on the property. A home equity line of credit (HELOC) has been established on the property for a $200k line of credit. T...
Mohamed Nagoor
Capital Gains question
I'm trying to better understand how CG works.example:I lend 100K to my LLC. Purchase a home via the LLC for 70K. 30K expenses ( includes rehab, travel, realtor expenses etc). I sell the home for 140K. Payback 105K to ...
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Choosing An Area - Where to Buy Rental Property?
Reprinted with permission
When choosing an area where to buy a rental property, there are several things to consider including, distance from your home, supply of potential tenants, average rents you can collect and ...
Walker Seid
Taxes
Lets say I rent a house out for $1200/month. My mortgage is $560. Expenses are (taxes $150, HOA $30, Ins $25) $205/month. Do I pay taxes on $1200 or just $435?
Sebastian Cifuentes
Advice Needed: Best Practices for Managing a Maui Condo & Tax Structuring
Hello everyone; I’m reaching out to the community for some guidance and would greatly appreciate any insights you could share. Here’s a bit of background:
My in-laws own a condo in Maui that a large management group ...
Matt Liu
Can a seller add his own money to property sale money to avoid short sale?
Forgive me if this has been asked before - Can a seller add his own money to the money made at sale of a property to pay off a mortgage balance? Say the balance is 43k and I buy the house for 38k - can't the seller ju...
Jeff Wang
Pay off debt tax-free in 1031 exchange
Hello,Many years ago, my family helped me purchase a house and gave me a portion of the downpayment. Fast forward to today and I've made a nice profit on the house. I'm currently in the process of doing a 1031 exchan...
Kyle Collette
Moving from Financials Advisor to Vanguard - Tax question
Question for all the savvy investors with a little tax knowledge as well.I have been looking to make the switch from my current investment portfolio into index funds. I was fortunate enough to start investing at a you...