Craig McLaughlin
“Profit” from a flip
I’m trying to pre-calculate and figure out what I would owe taxes on. What do I consider as profit. Is it simply sale price - buy price? Do I subtract all improvements(costs) from the sale price. How would I account...
Robert McDowell
NY State Capital Gains
We are selling our primary residence in NY state (not NYC) and I'm a little confused on how capital gains will be handled at the state level.
Thy his has been our primary home since we purchased it 2.5 years ago. I'...
Anthony Mannino
Do I buy a vacant duplex based on tax assessment?
This is a duplex that can easily be turned back into 3 units. Should I buy the house based on tax assessment or based on potential rents as this property is currently vacant
Devin Pickett
Crunching the Numbers!
Hello! I am brand new to the forum. I am a Realtor with Keller Williams. in Savannah, Ga. I just came up on my first year anniversary. I'm looking to get into Investing but as I've learned, only a deal is a deal! With...
Tsipora Smith
Attorney Help to seek deposit release
I'm in need of some real estate attorney suggestions in the Dallas metroplex. I have a deposit dispute with a title company and my company is in need of representation. We have a clear TREC contract that explains that...
Victor Omoniyi
Gain/Loss to Lease - Line Item on Cash Flow Statement?
Hello BP Community,I am analyzing a deal and I see the Gain/Loss Line item on the CF statement - it's a positive value - so severely inflates my Potential Gross Income. My questions are: -Kindly explain in layman term...
Patrick K.
How do you evaluate STR arbitrage investment?
I was wondering how you evaluate investment with limited or no equities such as STR arbitrage. Since when the lease is up, you have nothing in the deal other than a few years old furniture, whose value would be limite...
Taylor K.
Questions about Commercial financing
Hello Everyone, I have some questions regarding commercial financing. I have a duplex purchased through conventional financing. I am looking into a 7 unit in which I would be purchasing with a partner. We have plenty ...
NIcholas Hamel
Should i cash out refinance?!
Hey all, i need some help. I want to get into real estate more. I have a rental property that rents exactly what I pay for the mortgage. The bank is willing to give me upwards of 90k in a cash out refinance. The inter...
Ralph Ace
Cashout refinance loan
I have a condo that appraised at $130k.I have a loan for 85k.My equity 45k.Can I get any cashout on small equity minus the closing costs?