I`m buying an REO with transactional funds and doing a double closing to flip it immediately.I`m buying for $43k total,reselling for $82k.Now the transactional funds are paid back pretty much at the end of the double ...
I have 2 rental properties, Texas and Georgia. I sold one in GA in 2018 (which we purchased in 2007) and didn't do 1031 Exch. Now, the depreciation hit me back as gain when doing the tax report. However, I reviewed th...
Hi all,Recently purchased a multi and one of the first projects I’m planning is converting the property from oil to nat gas heating (there is nat gas going to the house already for water heaters).At current, I cover t...
I am curious. Typically when I analyze a property I include the usual (property tax, insurance, etc.), I was wondering if anyone includes rental income tax as an expense when analyzing a property? For example, after d...
I received this in an email. Interesting read but it will never happen because it would require a Constitutional amendment.
"The Proposal"
When a company falls on difficult times, one of the things that seems to...
For those who have built a new home: do you have any recommendations to reduce the cost of building? I have a 4 plex plan and need to be no more than $70/sqft to get about a 8% cap rate. This includes about $30k for l...
Can I deduct passive RE losses from nonbusiness income?? I was not aware of this. Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...
If you own a property free & clear or when calculating for a cash purchase, do you still calculate a vacancy expense when determining cash flow? Why or why not?Cheers.
There are way too many scam artists out there claiming to be legit people to fund money for real estate investing. I do not have family and friends to rely on to get capital I need for real estate investing. I hear ma...
Hello!!I'm looking to buy a house hack and am currently in the process of running numbers. Hoping to see if someone is able to let me know how accurate my numbers are? Thank you!Alex LonginidisView report
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