William Coet
Market Frozen Because of Property Tax
Looking at a market that could be considered dysfunctional because of the property tax rate being so high. Realtors are saying that it is essentially frozen because nobody wants to pay more than the assessed value bec...
Jason Papp
Seller Finance 2nd - Higher interest, lower sales price
Is something like this possible (simplified hypothetical example):
Seller wants 500kConventional loan for first 400kSeller carries a 2nd note of 25k at 19.5915% over 20 years = $100,009 in total payments
Would this ...
Jake Caster
Property Tax in South Carolina
Hello ~ I am looking at properties in South Carolina (north Augusta specifically) and would like to make sure I understand the property tax rate. From what I read, for rental properties the annual tax is 6% of the app...
Brian Champine
Depreciation recapture - a losing proposition?
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...
Andrew Hargreave
New to REI from far South-West Chicago Suburbs.
Hello all! Just getting started to REI late in life (well...late relative to my young teen-20's). Like many I've read about already, REI was something I never payed attention to throughout life other than thinking ...
Donald D Michna
Capital gains taxes after retirement
I was speaking to someone about there rental property and they mentioned that if they sell one of their rental properties after they retire or have of income of less than $33k a year that they do not have to pay capit...
Nick Weidner
Borrow from 401k for down payment
I was looking to barrow $25K from my 401K. Talking with a co-worker our 401K allows us to borrow up to 50% up to a certain dollar limit at 4.45%. I was going to pull the $25K over 36 months paying $371 bi-monthl...
Christian Scully
Providence Owner Occupancy
Hey Providence folks, I'm wondering if 2nd homes are considered owner occupied?
Sean Murphy
Capital Gains on index Funds
I understand when you sell index funds, as long as you hold your fund for a year or longer, the tax rate is long-term capital gains.My question: When I continually buy shares of VTI (Vanguard ETF) on a monthly basis, ...
Noah P Bonds
Cost basis after refinance
Curious about estimating long term gains tax on a property that has been refinanced. Suppose purchase price was 100k, then five years later it was refinanced for 150k and sold shortly after that for 175k. How would th...