Mohammed Quadeer
long term carryover loss to offset depreciation recapture
- Purchased strip mall in 3/2003 in Chicago, IL for $4,800K- Sold it in 11/2017 for $4,660K- Closing costs for purchase/sale $600K- Capital improvements $300K- Total depreciation claimed over the years $2,300K- H...
Tess Fike
Long-Term Capital Gains Deductions
My husband and I purchased a home that we used as our primary residence in June 2020 for $182,000We are now selling it for $295,000 in July 2021We currently fall into the LTCG category of 15%Our new home is being purc...
Chris Collins
Return OF capital vs Return ON capital? (Syndication LP Investor)
As a passive investor in an apartment syndication, you receive distributions along the way, then a larger chunk if/when the property sells or is refinanced.These payouts to the investor are typically deemed either "Re...
Tom Chen
NOI Question
Hello - this may be a newbie question but from reading the various articles on BP and Investopedia, my understanding is that Net Operating Income (NOI) is defined as operating expenses required to run and maintain the...
Dalton Payne
I need some unbiased advice about my primary residence!
I’m looking for advice! I’m wanting to move out of my primary residence. It has appreciated greatly over the years I’ve owned it. I’ve got somewhere between $250-300k in equity. But as a rental, it would cash flow a ...
Matt Peterson
Property Tax Appeal to Michigan Tax Tribunal
Hello, does anyone have any advice on how to bring a local failed tax assessment appeal to the Michigan Tax Tribunal? I appealed two properties this year. I had success at one of my rentals, as the assessor uncapped...
Ryan Sajdera
Raised Taxes Question?
Hey BP,I have a tax question in regards to my current tax rates. I just got notified that my taxes are going up and so is my insurance premium. Its going to take my mortgage up about 50/mo and i am currently short abo...
Jon Gorham
Texas REI - Property Taxes
Hello BP community,I’m looking into buy & hold properties in the Dallas Ft. Worth area, but I’m concerned about the high property taxes in Texas. Can anyone tell me about the “basic homestead exemption”? I’d like ...
Masa Don
The Magic of Leverage
Thought this might be a good topic in these declining times. . .
The question is how much of your real estate investments should be leveraged?
Jason Wade
First Rental Property - Where to Buy?
So I am looking for my first rental property in Philadelphia. I currently live in NJ but my girlfriend lives in philly and I've moved back and forth from the city for a few times now. I'm finally ready to buy and get ...