Hi all:
I came across a deal in my area that seemed ideal for a flip. The house in question needs a total rehab, but was priced significantly under comparable homes in the neighborhood. It was listed for around 200k...
Good afternoon everyone,After trolling for the last 12 months on the forum I have decided to post - why? Because action doesn't occur without interaction. I have made a self-proclamation that 2017 will be the year I f...
Can somebody explain all the tax disadvantages for a house flipper? What's the best approach for a first timer? Buy and quickly sell the property after renovations or hold it and sell it after some time to save money ...
Hi everyone,Quick question, when you calculate ratios such as cash on cash return, or even when calculating the cash flow potential of a property, do you calculate them post tax? Because I've seen quite a few calculat...
Hello, Out of curiosity, if I were to sell my investment property before a year of ownership, is there any additional capital gains tax applied to the already set rate? Also what if you didn’t even make any profit fro...
How can I calculate property taxes? there is a formula that I can use?
So after using the Fix and Flip calculator for the first time I realized the calculator asked the purchase price, associated costs and desired profit; however at no point did it ask for my expected tax rate. Anyone fa...
Hey, BP! I looked through the threads, but I need some expert advice. We are selling one of our rental properties, and we'll have some recapture. If I know that my overall income will be quite a bit more in 2022 be...
I live in Chicago, and I've zeroed in certain areas of the south suburbs that seem intriguing for investment. In particular, Lansing, South Holland and Dolton have some attractive opportunities. I am aware of the ex...
Most of the articles that I've read assume that capital depreciation is deducted from current year income at 25%, or deferred in the case of someone with too high of an AGI to deduct real estate losses. In my situati...