Steven O'Leary
Jersey City Tax Abatement/market rate housing fee question
I recently purchased a 3 family in the Journal Square. My understanding was that there was a tax abatement since it was new construction. I found out upon going to the tax collectors office that the application for ...
Luke Stone
Real Estate Tax Assumptions + Cap Rates in Dallas TX
Hello all,I'm wondering what assumptions you use for real estate taxes you use when acquiring a new multifamily property? I'm particularly interested in the DFW area since taxes are such a large expense in this area. ...
Stacy Tring
Depreciation recapture rate + offset from capital losses
Hi all,Spent all morning trying to research this and get conflicting answers, so let's try the BP hivemind.1) Is depreciation recapture ALWAYS taxed at 25%, or is it taxed at your ordinary income rate UP TO 25%? I've ...
Jake LaRoche
Just looking to get a round about for how much i would qualify for a mortgage.
with my income of 100,000, a score of 720-730 and no debt (other than a car loan of 30k) , what could i even qualify for using the new 5% conventional loan (upstate New York)
Carlton Wood
$25,000 Offset Question???
What’s up BP!!! Have a question about the $25,000 offset I’m hoping someone could answer for me. To be clear I’m referring to the up to $25,000 in passive losses that the IRS allows you to offset your earned income by...
Ashley England
Rehabs and property taxes?
How are property taxes calculated?I understand it’s partially determined by the value of the home. When turning rehabs into rentals, how can I plan for what the property taxes will be after the rehab is complete?If yo...
Kelly David Sansom
Property Tax Higher on Rental?
Hey helpful people, I know that in some states property tax is higher on a rental property than an owner occupied. Is this the case in Chattanooga? If so, what is the rate? Good to know so as I look at Zillow estim...
Brandon Hall
Market Dilemma & How to Identify a Good Neighborhood
Hello Everyone,
I am new to BP and sort of new to REI. By that I mean, I have taken college courses on REI and I understand the basics. I graduated college last year and have since saved up a little over $15,...
Bret Habura
Property Tax Estimator
Hey all,
How do you estimate property taxes on Cook County properties? Typically taxes go up when a home is purchased at a higher value so I want to be able to estimate what the new taxes will be. Most likely going t...
Tami R.
Wouldn't you want to pay capital gains...?
I have always heard capital gains is terrible, etc... but I have a business partner in another venture and he says when you pay taxes it's meaning you are making money.The other thing is my ordinary tax is at 37% (fed...