Zach Adams
House Hacking Taxes - Duplex 75% rented
Hi All, I have a house hack which is a duplex. I rent out the lower unit and for the upper unit, I rent 1 of 2 bedrooms. I was told that I could only depreciate 8.6% (square footage percent of the upper unit) and only...
Pedro Machin
Cost basis of subdivided land from a parcel with a house
Hey guys!I recently bought a .47 acre lot with a house on one side of the lot for 200K. A developer is interested in buying .36 empty acres of my lot for 150K (I want to keep the remainder acreage with the house). How...
Elizabeth Eriksen
Help me analyze this deal
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Chris Clemptor
land value is higher than total amount paid for house
I'm trying to find out what my depreciation amount is. I just finished reading "Every Landlord's tax deduction guide." I am brand new to land lording and this will be my first time doing taxes with rental income. I b...
Himateja Madala
Tenant Placement fee
Folks,
I had an agent place a tenant for me and charged me 8% of my yearly rent which is about 1 month's rent. Now tenant is creating a lot of trouble by blowing everything out of proportion and making it hard for me...
Kim Hopkins
Mathematical Connection Between Debt Terms & Cash on Cash Return
After over a decade of doing this, I still don't understand how the debt terms directly affect the Cash on Cash return of a deal. For simplicity, define CAP Rate (:= NOI/Purchase Price) and COC (:= Cash Flow/Total Cas...
Account Closed
The Case for Buy and Hold
I believe that the best way to accumulate wealth in the United States is to hold real estate investments for long periods of time.80% of the landmass of the United States is held either by the government or is in agri...
Jackson Long
LLC members and taxes
Hey folks,Soon we will be taking in some money to purchase properties that will be owned jointly with the investors. If the house is owned by the LLC and the LLC has say 4 members... How does the tax benefit get app...
Stefan Stankovic
Viability of new construction in historic district
Hello everyone, I am trying to gauge the viability of pursuing a new construction project in a historic district in Houston. From my limited understanding, a Certificate of Appropriateness is necessary for approval on...
Clayton Hinspeter
Large Land Subdivide
We are soon to embark on our first land subdivide deal here in GA in between Greensboro & Augusta. We like to call these 'country subdivisions' as we are not looking to do a full horizontal development with utilit...