Chaim Rosenstadt
Tax on turnkey Cash Flow
Hiusing a 100K property as an example (turnkey), with a 25 year loan, 76K, 5.6% p.a. that would mean the first year roughly 4K interest, and the depreciation would be 100k/27.5=3.6K, so total 7.6K - 630 USD/month.Now ...
Kevin Macdonald
tax write offs for new house not finished/rented?
Newbee, who needs tax advice. I am building a new house (old house which was never finished) with the intention to rent it out for years. I am funding the project with private money until it is complete. When done ...
Kim Livingstone
What tax document do I need?
Regarding depreciation on a rental property, I know that depreciation deductions are spread out over the “useful life” of a property. The IRS allows an owner to depreciate the value of the home over a 27.5 year period...
Malik Javed
How to Allocate Land vs. Building Values for Investment Property
How to Allocate Land vs. Building Values for Investment Property
When buying a residential property, one important yet often overlooked task is determining how to divide the property's value between the land and the ...
Richard Chang
Tax Planning for Buying, developing and selling multiple units
Hi all,
I was interested to find out the basics for tax planning for a real estate
project to buy a lot and remove existing structures and have 3 units built
with 1 being kept by the owner.
How would I find infor...
Patrick Moore
[Calc Review] Help me analyze this deal PLEASE
This property has peaked my interest.I found it two days ago, lower asking price than the surrounding available multifamily buildings for sale. Plus, theres two buildings on one lot, totaling 4 units. I have my realto...
K S.
Where to reinvest 1031 exch funds?
Looking for ways to turn this into non taxable cash or just purchase something to avoid taxes.I'm on my second 1031 exch but later found out that I can't use the funds to improve on already purchased land so I'm a lit...
Sammy Lyon
Calculating Depreciation on a Low-Priced Property
Hi BP sleuths!I wanted to share this tax question here, I was hoping my accountant could help but he didn’t seem to have much advice about this. I’ve got some choices to make about depreciation on a rental property, a...
Zulf H.
Chicago property Taxes are crazy - How are you managing this increase
Hello BP Members, taxes. Hope everyone is doing well. I have noticed the Chiago property taxes have gone up significantly. I noticed that the multi-unit bldgs in my portfolio saw a much higher increase in property tax...
Mindy Jensen
Who are my opportunity zone experts?
Who are my opportunity zone experts? I have an opportunity to invest in a building/business in an opportunity zone in my hometown. I have some stocks to sell in early 2019 which will fund the purchase. How do I note t...