Let's say I'm flipping a property. My all-in acquisition/repair/holding cost was 80K.
Ignoring selling costs, let's say I sell it for 100K with seller financing. And I require 10% down with the rest financed at 5% ...
My wife and I are regrettably taking a DIY approach to taxes this year (probably the last year we'll do this!) I'm seeking tax tips for depreciation on an SFR that was purchased in 2014 as our private residence then ...
Hi guys,I was doing some research on last year's tax lien sales for Denver County in CO. I noticed that last year's auctions showed a premium averaging 10% for each lien sold, regardless of size. What's odd, is that t...
I'm paying off a foreclosure on a property & subsequently purchasing the property as well. The mortgage service company has added an exorbitant amount of penalties & late fees though. Can I just pay the princi...
HiIn selling a rental property I know anything that was being depreciated is subject to recapture.My question is, if I spent $7k in 2019 on flooring that is depreciated over the years of 2020-2023, and I sell in 2024,...
Is the cost basis for depreciation purposes for a rental, after applying the tax assessor's ratios, the same basis that will be used to determine capital gains upon selling the rental?
I targeted several sewer liens in my area of choice thinking I would receive the interest on them quickly. Three months later, a couple of them now have owed taxes (on top of the sewer subs) that, as the lien holder, ...
I am not in a position to act on this question but am genuinely curious about its possibility. When it comes to capital gains tax, this is paid when selling an asset for a profit after any adjustments that can and are...
Hello Team,I'm a new investor and I would like to start my journey in Multifamily. I found a Duplex that I think I will have to build it from the ground up as you can see in the pictures. Is this something I should do...
The Southern District of Ohio, in Columbus ruled that the City of Portsmouth Ohio’s occupational licensing requirements imposed rental property inspections and licensing fees upon the landlord, violating the Fourth Am...