Suppose one purchased a 4 plex for $400k and took the standard depreciation for 27.5 years deducting $300k for tax purposes. If I am correct then anything sold above $100k ($400k-$300k) is taxable taking into account ...
Hey BP Family! Im located here in south Florida. I’m looking to pull a line of equity out of my primary home. Here are the numbers. I’ve narrowed it down between two credit unions.
#1 Gaurdians credit union
Interes...
So I am pretty new to this, and I am buying a primary residence. The sellers daughter has a mobile home (in very nice condition, actually) that they planed on having moved off the property once their house build is co...
Looking for advice/direction to keep growing. I’ll try to be short (I know long posts get boring) currently have 5 doors 2 duplex and 1 single. Single was our first home. Lived in it for 3 yrs decided to become invest...
About to close on a refi of my primary residence (VA IRRRL at 2.34% - $250 month savings).Should be getting 12k cash when we close. I have 9k left to payoff my vehicle (2.5% interest rate/$400 monthly payment). Trying...
Hi All,I'm a new investor looking at some small rentals in Queens, NY. Curious if anyone with some experience in that market could chime in on a few budget assumptions that I'm working on. Specifically:- What is a mar...
Investment Info:
Single-family residence buy & hold investment in Welland.
Purchase price: $175,000
Cash invested: $25,000
3+1 detached single family home.
Rents at 1900m
What made you i...
I hear people say you can do so many residential loans on investment properties. Most of the banks & credit unions I talk with will not offer a residential loan on a property that I’m using to rent out. This is my...
Have a semi complicated scenario I can't quite find the answer to. Managing member of an LLC that owns investment property (with a silent partner's equity). Would it be possible for the LLC to sell the investment pr...
Hey everyone! I've been trying to understand this information myself, but I've been getting confused, so I'm hoping you guys can share some of your money-magic wisdom with me. Feel free to correct any assumptions I ha...