I have a condo in Manhattan that I rent out. My R/E agent has been pushing me to sell the property b/c he says the market is hot, rates are low, and demand is high.They suggested an ask price of 2.7mm. I rent the pl...
can anyone simply explain the tax consequences as a result of selling a rental property thats been depreciated? i hear folks refer to depreciation "recapture" but not entirely sure what that means.
I currently live in Southeast Michigan (closer to Ann Arbor) and I was wondering what the potential/options are for building a new duplex to "house hack" (live in one, rent the other)? I know it will probably depend o...
A Cost Segregation Study was performed on a 2-story, 5,237 square foot Office Building located in Louisville, KY that was built in 1946 and purchased by its new owners in 2021. The depreciable basis of the property ...
I found an article at This Link entitled "Sell Home to S Corporation and Then Make It Rental Property" fits my situation pretty well, except I want to sell it to an LLC that I already own. Would the article apply to m...
A Guide to Modeling and Overcoming Analysis ParalysisI am a numbers person by nature and often consider excel to my second home for my 9 to 5 job and so I can relate to those who find themselves wanting to exhaustivel...
I currently live in an owner-occupied duplex and will be moving out next year and then renting my side. I have some questions and am double checking what my accountant has done so far.1. My side is 3 bedrooms. I have ...
I paid cash for a duplex in Pittsburgh, then applied for a mortgage under the delayed financing exception that I learned about here on BP. I am trying to figure out if it is even worth it to go through with the mortga...
Wondering what BP'ers think of the newly proposed BC Speculation Tax? (for those not in the know, see http://www.cbc.ca/news/canada/edmonton/speculation... for details) Seems that actual details are light and not even...
Can anyone point me in the right direction. I am looking to buy investment properties in WNY and finding it hard as a non resident alien to source a mortgage for several reasons:
1 The amount I want to borrow at any...