Hi there! I’m a beginning investor and am trying to wrap my head around the tax benefits involved with real estate. My main question is regarding depreciation. My husband and I are high wage earners, so from what I...
How do you determine the the tax rate for depreciation recapture? When you recapture the depreciation when you sell a property, is the recapture tax rate based on your ordinary tax rate at that given time? For example...
Just doing my research and wrapping my head around NPLs. I have a question about the timing of the modification:Example: my borrower has 10k in arrears, and an interest rate of 12%Let's say I call him up and we agree...
I am a private money lender in Arkansas. As such I use my own Mortgage and Note. I will be making one loan in California. They use a Deed of Trust in lieu of a Mortgage. I would like to modify my documents and have it...
Hey everyone,I recently recovered from analysis paralysis and I'm putting myself out there as a wholesaler in my area. I recognize that marketing is the best way to find and make deals. One route I'm interested in is...
do you think this roof needs complete tear off and replacement ? this is the scope of work. the dimension of the roof is roughly 45X151) Tear-off all layers of roofing and gravel down to wood decking and legally dispo...
Hello,I was wondering what is the impact of rental income on your modified adjusted gross income (MAGI)? Do you get to take all the deductions and depreciation from the rental income before it gets added in against y...
How long can my boyfriend stay over before it violates my lease?
I'm 35 weeks pregnant with our child. He lives and pays rent an hour away from me. We have no plans to live together. I just moved into my new apartm...
Hi all,
Looking to rent out my basement and curious what people use for a contract? Can you use a standard one or do you need to add some provisions since you live there too? Just want to protect myself as well as ha...
I have a private lender who is owed the full amount in a few days. He is interested in continuing to loan the money. What would you use to change the terms of the loan to extend it another year? Simple addendum? A spe...