I've been analysing a ton of deals in Cleveland area for buy-and-hold and the biggest variable that I have not been able to efficiently estimate is the property taxes. I notice that on some sites, they estimate taxes...
Hello!Quick question regarding depreciation recapture. I was thinking about selling a two family house I own in Somerville, MA while my 2/5 year owner occupant tax exclusion still applied for half of the house. I de...
Hi all, rookie out-of-state investor here. I've been definitely going through a learning process after purchasing my 1st rental property back in May 2022, and now have encountered another headache where I almost feel ...
Hey folks.Got a rental from HUD last year, now its the time to apply for tax reduction. The property assesed at county for more then I've paid so it's definitely a good case, but! This one was bought from HUD. Do you ...
Dumb question or maybe I’m not thinking this correctly.What’s actually taxed? The total cash flow just after the mortgage is paid? For example;Mortgage payment $1000, rental income $1500. So is the $500 that’s being t...
Hello all,
I know that asking tax questions will most likely lead to a “talk to a CPA” or “it depends” answer. But here we go anyway!......
If I do a cash out refi on a non-owner OC investment property that I own in...
I have rental property and have put in $4,000 of improvements (i.e, new garage door, new carpet) while the house was tenant occupied this year. Now the tenant moved out and the property is vacant. I discovered the roo...
Investment Info:
Condo buy & hold investment.
Purchase price: $30,100
Cash invested: $22,000
Bought on a Tax Deed auction, rehab it and have it on AirBnB. This is giving 26.87% ROI net.
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I have lived in primary residence for just over 2 years and rented it for another 2 years. When I started to rent out, I moved my property to LLC using general warranty deed, and now I'm planning to sell my home a...
Ok, so here's the situation: I've got 3 rentals, and I have an offer for a house I paid 79k for for 125k. I owe 72k, so that gives me 53k to play with. Taxes will be ~$6500, so that leaves me with 46.5k in pocket, fre...