Wayne Solum
Amortized loan aquisition costs for tax return
I'm trying to do my 2015 taxes. I bought my very first two rental properties towards the end of 2015 so I have no previous experience with this. From what I understand, loan origination costs cannot be included in t...
Ellie Narie
Tax assessed value or appraisal value to calculate depreciation?
I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...
David McPhail
Flip house capital gains tax
My question is what are my options for capital gains taxes? I am going to sell a flip house and profIt about $30k. Do I roll this into a new flip house, purchase investment property or down payment on the purchase o...
Kenny Hanuska
Rehab estimator tool
I’m having trouble with the rehab estimator tool. Seems when I enter my information and proceed, nothing happens. No report is created. I’ve tried several different ways if entering data. Specific address, zip codes e...
Ann B.
Legal or illegal entry into premises?
(Property is in Missouri.) We have a tenant whose power was just turned off. At the moment, I don't know if he is still there or not, and he does not answer the phone. Can we enter to empty and open the refrigerator, ...
Kevin J.
Period of Forbearance
I did some research on avoiding foreclosure for mortgage borrower and didn't find that much about the period that lender usually agree when borrower and lender enter into forbearance agreement. I understand there are ...
Amanda Scully
Calculator Questions: Estimating in NJ
I have some questions about what to enter into the calculator specifically when estimating costs in New Jersey. I'm looking to do a flip and I'm wondering what I enter into the calculator for: -purchase closing costs ...
Caleb Johnson
Do I Need A Special Notice To Go Into A Tenants Unit In AZ??
Hey everyone! Thank you for taking the time to read this.
I am going through a refi on a 4-plex in Apache Junction in AZ and I need to get an appraisal. I know in AZ I need to give a 2 days notice before I can enter...
Daniel Murphy
looking for a second opinion on my diy taxes
Before you jump all over me with the "always hire a CPA" stuff, hear me out. I'm a financial planner & I've been pretty comfortable with taxes. In most years, what I have planned & projected with my taxes has...
Jason Wilwert
Cash on cash return calculation question
I have just started using the calculator to analyze properties.I have noticed that when I enter data as a cash purchase vs. when I enter 25% down, there is little to no impact on the CoC number. Since this number is ...