Property Info: 30+ years multifamily, fully leased, roof recently replaced, great rental area, HVAC looks very old.Price: $258,240Loan Info: 5%, 30 year fixed, 20% downCash Invested: $51,648Monthly Loan Payment: $1,10...
Hi guys, the following quote is from this BP article: https://www.biggerpockets.com/renewsblog/2014/10/2...Could somebody please help me understand this concept by giving a real life/hypothetical situation that makes ...
I was wondering if anyone has used a self-directed IRA for real estate investments.
I am trying to calculate the cash flow "tax savings" due to depreciation for a property I am under contract for, and plan to rent out.Everywhere I read, I am told to use effective tax rate (total taxes you pay/total i...
Hi All, I recently heard about a site called Fundrise. It looks to be a site where you give them money and they create a share in a real estate portfolio for you. Has anyone used anything like this before? Can this be...
Considering money is cheap right now, it makes sense to borrow as much as you can. However, a larger down payment reduces the monthly payment and helps increase cashflow. Plus, if you have a larger amount of equity, c...
For reference, it would be a roughly $300k property that would generate ~$2,250 in gross monthly rent. The two scenarios:
1. 20% down payment: $48 monthly cashflow, 0.83% CoC ROI - not good
2. 50% down payment: $475...
Is there any good place to calculate the specific tax advantage to owning a rental? For example: When I purchase a rental, how much money will that save me this year on my taxes? Besides quickbooks or talking to my...
A 200k 15 yr mortgage with 6% rate will cost you $165k in interest. Stretched out to 30-yr it's still over 100k in interest. If the value of the home is 200k, after 30 yrs maybe it's 600k and it cost you 300k in inter...
I don't know if my CPA understands and is preparing my taxes correctly.I love her and want to grow my business with her, but I need some knowledge so I can have a good conversation with her.Here's the scenario:In 2022...