Konrad R.
Can someone explain capital gain tax to me?
I've read some conflicting information regarding capital gains tax. Is capital gains tax tiered? Here is a simple example:Let's say ordinary income is 10k for a single person. The 10 to 15 percent tax bracket threshol...
Chris M.
Income requirements for FHA loan?
Hey guys, I've got a question about income requirements to get approved for a FHA loan. I'm planning on purchasing a $250,000 house with a 30-year-fixed FHA loan with 3.5% - 4% down. My goal is to have a monthly mort...
Michael Osborne
Claiming depreciation
Hi Guys,I am moving into a new home in December and will be renting out my current condo. I understand that if I list the condo during this Calendar year I will then be able to claim depreciation. Is it worth trying t...
Tyson Hosey
Withholding Taxes When Using Rental Income
I know this topic has been covered in the forums a few times over, but I can't find the posts on it and I'm really concerned about this, so I'm going to start a new thread.I've done all the calculations for setting as...
Brian G.
DTI and House Hacking a 4 Plex
I'm trying to figure out how to calculate what my maximum total purchasing power is on a OO (house hack) 4 plex.
I have no consumer debt of any kind with one outstanding mortgage of approx. 87k on a cash flow positi...
Casey Young
Tax questions for VRBO.
Just finished rehab on our short term rental. 30k purchase, 100k rehab. We are expecting to make 50-60k a year on the rental. My Adjusted gross income is over 150k. Can anyone help explain what I'll be able to claim a...
Barry Craig
Deal or no Deal
20 Unit Brick Apartment, Pitched Roof (new x 5 years)
Separate metered utilities (owner pays none)
All electric central air/heat
No Vacancy, waiting list to get in
Debt service: Asking 750,000 Get for 680,000
680,...
Andrew Neal
Have a 62 unit self storage deal in hand
Hey guys, wasn't sure where to post this but I met with a self storage owner today who has a 62 unit facility in the North East. Numbers seem solid, only 3 years old, 95% occupancy the entire time, and looks to be aro...
Lance H.
% of income for Primary residence?
Hi everyone!
I'm considering purchasing a new primary residence in the near future. In my opinion banks are still way to generous on how big of a loan they will allow. I'm just curious, what do you all think is a...
Anmmar Alsaggaf
4-Plex Analysis Fresno, CA
Dear BP, I have a 4-Plex that grosses $28,880 per year ($2400 x 12) and all units are fully occupied. In order to calculate my overall cap I did the following (annual basis): Gross Income = $28,800Less: Vacancy (5%) =...