Justin Greenwood
Real Estate Property Analysis Question Related to Taxes
Hello Biggerpockets community!I'm a new investor. I bought Frank Gallinelli's "Mastering Real Estate Investment: Examples, Metrics and Case Studies" to practice analyzing property data to determine if a product was a ...
Alex Furness
Understanding Closing Costs
Hi everyone,First time house hacker & brand new to RE Investing here! Looking to purchase my first duplex in the greater Philly area over the next 6 months or so. I've started seeing some properties and also recei...
Suneel P.
Tax on Sale of the house
I read that we have to prove that the house is owner occupied for 2 of the 5 years before the sale to avoid capital gains tax. How do we prove that? What evidence we have to provide to IRS? And if we are not eligible ...
Account Closed
Homestead for 21 units MF in Texas
Hi all, I have a 21 units which I am paying a lot of tax due to being in the middle of the city. Would it be possible to stay in one of the units and claim homestead on 21 units property? The property is currently hel...
Matt Overbee
Anyone investing in Lake County, IL?
Happy New Year,
Just curious if anyone regularly invests in Lake County, IL north of Chicago, I see a lot of topics come up and people indicating interest in Chicago, and don't here much chatter about the nor...
Troy Elston
Converting private residence to rental property
I'm having a difficult time calculating tax gain/loss from a property sale and was wondering if someone could help me with calculations.Purchased Home in 2005 for $145500Converted personal home to a rental property in...
Kurt Kwart
3% Two Banger!!
Yo BP nation!
I'd like to thank this community for all that I have learned this year. Specifically the Al Willamson and Dawn Anastasi podcasts gave me greater insight to what is possible.
Today I close...
April Eilers
First Timers Seeking 1031 Exchange Input
Hi BP Community! We are currently doing our first 1031 exchange. We sold a property and our cash is being held by an intermediary (referred to as "1st Sale"). With the 1st Sale cash, we have purchased one property whi...
Jeff Wang
Do I count depreciation tax shield in my cash flow analysis?
Hello,
I've modeled my investment property cashflows in excel. In my model, should I be counting the depreciation tax shield as cash flow? Logically, it seems like it is cash flow since it is indeed, cash in my pock...
Aamir Shah
Dayton (Kettering) 4-plex deal analysis
Hello BP members!I have been eyeing some 4-plexes offered by a turnkey company in Dayton. Here is an example of one:514 Wiltshire Blvd, Kettering OH 45419Its 4 1bd/1ba roomsI want to get everyone's opinion on how good...