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Maybe this has been posted before, but I'm not finding it. After speaking with our accountant, it seems like we need to be accumulating a portfolio to help offset the W-2 earnings. How do you calculate the depreciati...
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A thought occurred to me. What if when buying as part of the negotiation you offer to pay the seller's closing costs especially real estate commissions for an equivalent reduction in price?It would not affect how much...
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hello all,Bought a MF in 2014 and now I am filling out the tax forms!On the HUD-1 settlement form, I received a credit on the purchase of the MF for the security deposits and the rent collected from the beginning of t...
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Is it difficult to get your property assessed value lowered so you pay less in property taxes?
What are possible pros and cons?
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I inherited 5.6% of a commercial property that is worth approximately $27m with $11m remaining on a loan. My stepped-up basis is $21m. For reasons I don't yet understand, if the property is sold I cannot take advantag...
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Hi everyone,
I plan to sell a house and do a 1031. Are there any tips to avoid out of pocket expenses? Ideally I'd like to find ways to pay for expenses without having to pay from my own
- $12K roof repair before se...
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Hello everyone,
I'm currently in the process of buying my primary residence, and I could use some advice. The home price is $480,000, including upgrades. I have an incentive of $25,000 for going with the builder-sp...
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I'm in Arizona.
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Hi all. I own a 3B/2.5Ba townhouse in Fremont, valued at $905k, with $690k left on a 30year fixed at 5.625%. For personal/family reasons, my wife and I need to move out of state sometime in the next 12 months.
I’m tr...
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Hi Everyone,Looking to purchase my first STR in my home resort town. Prices are pretty expensive here, 400-600k for a decent place. I have about 40-50k down payment for a property and have financing lined up for 10% d...