Account Closed
How do I calculate my capital gain?
I’m closing on the sale of a duplex on Friday, and I’m trying to figure out how much I will need to set aside for capital gains taxes. How do I figure out my cost basis? What expenses raise my cost basis? For example ...
Christopher Fickess
Are solar panels beneficial on rental properties in okc?
Are solar panels beneficial on rental properties in oklahoma. We have a 26% tax rebate on the value of the panels. Do renters care about solar benefits, and can you charge more rent to offset the cost of the panels?
Joe Mathew
Looking to Invest in the Indiana Market
Hey guys. I have been looking to branch out of state for investment properties. I was wondering if anyone is having success in Indiana and if there are any nuances regarding hidden costs when calculating. Some states ...
Kevin Smith
No Money Down In Practice
Hey BP Community,As a new investor, I'm looking for some clarification on financing deals. There's a lot of discussion around partnerships, private lending, and hard money, but I don't see much discussion on the actu...
Tyler Blackwell
Renting out portions of personal residence--tax question
I bought a property last December that is unique in that it has a rentable cottage, basement apartment, and 6,000 ft 6 stall horse arena (all despite being a "single-family" residence). We are currently renting the co...
John Intfen
Single Family Dwelling lending with ADUs
I am under contract for a property with a tax id for single family that is also zoned single family, but has 2 ADUs on the property. I plan on living in the single family dwelling and all utilities for the entire prop...
Creighton Cross
Best tax strategy for capital gains from Business Sale
I am trying to invest in some type of real estate with the proceeds of a business sale. I would like to utilize the purchase of an asset that I could refinance next year to pay off the capital gains taxes that will b...
JD Martin
Pre-paid rent - taxable in the year accepted or year applied?
Good afternoon all!Before I do my taxes, I have a unit in which one of the tenants (a college student, parent paying) prepaid their rent for the first 6 months of 2016 in late December. Should I claim the income based...
Erik Karpinski
Renting out rooms in soon to be purchased house
I plan to purchase I new home within the next month and was planning on renting out 1-3 rooms to future friends/tenants. I’ve done a little research regarding tax deductions for the portion I am renting out but was lo...
Tara G.
Maintenance costs too high?
I have been renting single family homes. This is my first foray into a multifamily home. I have not spent more that 5% on maintenance on
single family. I do fix most of the minor leaks and repairs on my own.
Is the 1...