I've tried searching the forums, but couldn't find an exact answer to this question. Depreciation reduces the cost basis of your property, and has it's own, 25% depreciation recapture tax rate when you sell. So if you...
I’ve read the CARES ACT special rules for retirement funds (ex: 401k/IRA). Allows Coronavirus related distributions up to $100k. Is there too much risk (ex: legal implications) in taking this option? There is a repaym...
Hey everyone. I'm new to BiggerPockets and something that has caught my attention is wholesaling. While poking around in some of the forums, I came across this: here. Which showcases the tax implications of doing whol...
I have two units up (out of four) for lease renewal at the end of July. These are the only units that currently do not pay utilities, which amounts to about $250 per month per unit. I included utilities in the new re...
I have a property that I'm struggling to price for sale. Currently it has a duplex with long-term renters, and an above-garage dwelling unit that was converted from long-term rental into a successfully operating AirB...
Question: Currently searching for a quaplex to househack in an appreciation market. All of what I've learned says if you're not receiving positive cash flow, DON'T DO IT. However of all the properties I've seen and an...
I was wondering if you guys include principal deduction as part of the cash on cash return calculations. I mean the equity is yours and will be able to cash out upon sale.
Okay BP, lets hear some ideas from everyone on how to tenant proof your property. I am working with builder right now to build a new duplex. The investor and I are going through the build sheet and cherry picking th...
Inflationary pressures, rising interest rates and property taxes are just a few of the headwinds multi-unit property owners experience in a fluctuating market cycle. Many small owners may quickly react to these pressu...
Is it worth going to the courthouse to protest my taxes being too high, do you think I will win and get the taxes reduced or usually the city won't reduce it?