Daniel Peavey
Cap Rate Calculation
Do you base the cap rate on what you purchased property for: Or, is cap rate based on current market value of home?Also: is capital costs included in cap rateMy example:1. I purchased property for 25 k ( 10 yr ago)2 ...
Hector Test
Can I report zero gain if I build a house, sell it and buy 2 lots
Hi all, I am buying a lot and building a house under an LLC. Let’s assume that the lot costs 50K, I spend 50K to build the house, and that I sell the house for 150K. Within the same year, let’s say I buy 2 more lots f...
Nick Walley
Starting out- tax benefits
Hey BP! First post and it’s great to meet you all. I would love some advice / perspective… I live in the East Bay Area here in CA, have a great W2 and good sales commissions, and want to start RE investing. I’ve been ...
Robert Mendenhall
How to Analyze an Owner Occupied Duplex
Good Morning BP!Im looking to buy my first property. I want to house hack a duplex and live in one side. Im curious what you look for when analyzing a duplex to owner occupy. Im in a rather expensive city but future a...
Kyle Baxter
Down Payment Strategies with High Initial Starting Capital
Wondering what some of you who have experience in the small-mid multi-family market would do with a fairly large amount of starting capital (>250k) considering down payments. Do you prefer going as low as possible ...
Kris L.
Personal Residence Shouldn’t be in LLC Right?
While it may be a good idea to put rentals or flips into an RE LLC I probably shouldn’t do that when buying my personal residence (not a house hack) correct? Otherwise I would lose out on mortgage interest deductions...
Andrew Leighton
Does anyone know if a flip is tax deductible
I bought a house I’m currently flipping last year. Can I use the purchase price as a tax deduction? I would appreciate all info as this tax season I’m being hit with a $6k tax bill.
Asim Hafeez
What are the best rental property rehab/reno investments
Buying my first 3 family. I was wondering a few things 1) what you have done in the past to walk the line of renovating rental units to get a bit more rent/appeal to a better tenant while also watching the budget. - W...
Paul Hutton
borrowing cash from my corp.for rental purchases tax implications
I borrowed cash from my canadian corp to buy rentals all cash in the florida market. I will wright up a loan to myself from the corp to an interest rate that will completely offset any tax owing at years end from the ...
Pablo Madrid
de minimis safe harbor expense or bonus depreciation, tax on sale
I have some expenses which could go either way on de minimis safe harbor or to capitalize and depreciate to deduct. Assume i bought a rental house for $100,000 on Jan 1. Land is worth $10,000 so depreciation is $3,272...