Hi all. I'm a bit confused on this issue as I read about depreciation recapture being taxed as "ordinary income" then I see mentions of a "flat 25% rate". I have a 3 part questions:- So will the rate depend on your ...
So I am new to Bigger Pockets, and I am listening to all the podcasts in order, have listened to almost 200. I have one rental property, a town house i bought in April of 2007 (ouch) for $157k. It's in Eagan, MN, 55...
I've made offers on several short sales in the past but never actually bought one.
I've been told to put language in the contract to the effect of "property will be delivered vacant and all of owner/occupants' or ten...
I have invested in a few syndication deals in the last few years, and three of them are ending or have ended this year. How are the final distributions taxed? Assuming there's depreciation recapture, will the deprecia...
There is a property in my neighborhood that looks abandoned (the door is bolted shut, a front window is cracked, and it's overgrown) that I have been curious about for a while because I live in a higher end area of th...
Anyone familiar with the SHST (Safe Harbor for Small Taxpayers) - any insight here would be very much appreciated. Thank you!!1) I understand the safe harbor to be the lessor of $10k or 2% of the unadjusted basis of t...
I receive $16500 in rental income for the year. I remodeled the rental property this year at a tune of $17000. I also pay the mortgage and 10% to a property management company. Because I have put so much time into ...
I was talking to an investor in North Ga today. He was saying since the market up this way has leveled. him and his brother have been buying $30 -$45 grand houses in Atlanta for section 8 rentals. Any exp. With this a...
So I am looking for my first rental property in Philadelphia. I currently live in NJ but my girlfriend lives in philly and I've moved back and forth from the city for a few times now. I'm finally ready to buy and get ...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Joliet.
Purchase price: $245,000
Cash invested: $11,485
As a first time homebuyer, first time investor, my first deal was ...