Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
Investment Info:
Single-family residence buy & hold investment in Coventry.
Purchase price: $255,000
6 bedrooms
3 bathrooms
brand new hardware and appliances
spacious kitchen and yard
half fini...
This looks like an awesome community! Found BP through a google search. I listen to Jason Hartman's excellent podcast and am saving up to begin the RE investment process. I recently moved from Texas to Utah and plan t...
I was just doing taxes for 2018 and have noted something peculiar, most of my properties I self-manage. So I do pay monthly PITI and HOA fees. Then there are repairs, occasional utilities, and of course depreciation d...
I have a tenant who is very unhappy who is breaking their lease 6 months early. She is insistent on using her security deposit as last months rent. I have told her that is not acceptable and would be considered nonpay...
Hello All,
Thanks in advance for analyzing this deal.
Main two questions would be: How does the Dott Frank Law effect my deal, and how can I work around it or be exempt from it.
Heres the deal:
...
Has anyone actually made enough cash flow to use their property depreciation?
I'm living in a tri-plex house hack. Renting out 2 units and living in one. This is currently the only property I own. I've had work done on the building itself (roof repairs) and remodeling work in one of my previous...
Today there was an article on CNBC stating that Pimco's Bill Gross believes the MAX future returns in the stock market will be 5% per year. URL: http://www.cnbc.com/id/45474748
Just wanted to hear what everyone think...
Hi,Does anyone know what the law states in NJ when it comes to the tenant's stuff after an eviction?the situation: the tenant has been formally evicted by the local court/sheriff's office and currently the tenant's be...