Rachelle Malkoff
Assessing Rental Income Tax For Potential Purchase
My husband and I are looking at some rental property options in the Boston area and using Net Operating Income (NOI) to assess if the properties would cash-flow based off of downpayment, mortgage rate, rent rate, main...
Mohammed Quadeer
long term carryover loss to offset depreciation recapture
- Purchased strip mall in 3/2003 in Chicago, IL for $4,800K- Sold it in 11/2017 for $4,660K- Closing costs for purchase/sale $600K- Capital improvements $300K- Total depreciation claimed over the years $2,300K- H...
Kurt Granroth
Dissecting and Understanding a Schedule K-1
I just got my first K-1 from a multi-family syndication and want to understand it. This is the actual K-1 with real numbers and only personally identifying elements have been removed. I'm going to describe what I th...
Jay Helms
Vacancy Expense
If you own a property free & clear or when calculating for a cash purchase, do you still calculate a vacancy expense when determining cash flow? Why or why not?Cheers.
Emilio Basa
How to research non-homestead taxes
Hi everyone,I'm looking to start purchasing some rental properties in the coming up months. The price hike between homestead and non-homestead taxes can be quite huge in some areas of Michigan. I'm running the numbers...
Michael Clayborne
How to interpret a County Report
Hello BP!I am currently working on improving my ability to analyze prospective deals. I've been through the Ultimate Beginners Guide here on BP and it explained a lot! Also reading through the forums and blogs has pro...
Yoni Haiminis
How do you Calculate Long term Capital Gains Taxes?
I am looking for any advice or info on how to correctly calculate long term capital gains taxes for a property owned for more than 2 years. I know this will vary dependent on tax brackets. I was looking for calculati...
Vladimir K.
NO Income Tax from BRR Strategy?
https://www.biggerpockets.com/renewsblog/2015/04/2...I would like to use an example where the refi actually nets money. For instance, buy a property for 30K, fix up for 20k, refi at 70K (assuming 100K ARV). In this ...
Steve K.
4 Unit Property - Deal or No Deal?
I'm just starting out. Is this an ok deal? If yes why? If no why? (Everyone evaluates differently)4 Units - Section 8 (S8) Approved - 2 Unit with Section 8 tenants and 2 Regular tenants. All occupied.On my Initial vis...
Payman A.
Depreciation recapture
Hi guys,Posted questions in the Tax category but didn't get any replies so coming back here where I've previously had great communications. One of my three questions is really not relevant so here are the other 2:- I...