Introduction: A blended real estate income portfolio refers to the practice of combining different strategies to invest in and profit from the property market. This approach is considered superior to pursuing just one...
Hello all, I have never invested with a partner before but looking at possibly doing it in the near future. I have lots of questions on how it would work, we agreed we would go 50/50 split all expenses. If we invest i...
I'm not really sure which forum this should be in. But my question is, how do tax write offs work as far as repairs and upgrades are concerned? I have read and heard some people say any repair and/or upgrade you pe...
I own this paper and the borrower made a solid offer to start paying $6000 up front and $700/month. He has a 6-figure income and can afford it. Here are the other numbers:MV = $50k and decliningUPB + arrears = $211k...
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...
My understanding is that when purchasing a STR property using a 10% second home loan, you can't use potential STR revenue to qualify for the loan. If this understanding is true, does your revenue count towards reducin...
Hey BP family! I am really needing some advice on this and I hope that I can explain it well enough for you to be able to answer my question.So my situation is that I am self-employed (Realtor) and the last 2 years I ...
Hello,
So I recently found out that you can only write off $10k from local and state income tax. Does this mean I cannot write off depreciation + property tax + mortgage interest more than $10k?Thanks in advance for ...
For those of you who do not an alert set up for whenever news breaks about the new tax bill, details are coming out about what will be contained in the final version of the bill (coming out of committee).Here are the ...
I have a client who is 62 yrs old. He would like to request a 401K lum sum distribution from his employer for downpayment of an investment property sometimes in the year. Say the amount of 401K distribution is $40K ...