I am trying to get a handle on the new taxes codes in regards to expensing versus capitalizing and depreciating. I have heard that the new laws basically state that "replacing" something such as a roof, AC unit, etc i...
Hello, just needing some clarification on capital gains rules. If i flip a house in under one year thats short term cap gains correct? At what percent does that get taxed?
now heres the caveat. I heard/read somewh...
When acquiring a property, is there any benefit to taking out less leverage on a property? Let's say you finance only 50% versus 70% of the acquisition price.
Why would anyone pay for a property with all cash or more...
If I start a house flipping BUSINESS under an LLC, do I still pay capital gains tax like an individual would?
I purchased a property last summer in Mobile Alabama for $38,000. The deal was financed using hard money at 12% and the total loan was $65,000. After closing cost I received approximately $24,000 for repairs from the ...
I purchased my first rental property and assigned it to my new LLC. The LLC is a single proprietor entity. The property needs a few repairs and money set aside for the current tenants' safety deposits. Is it appropria...
Hey, guys!I've been on BP for about 7 months now and I have quickly learned two things:There is no better place than BP to talk real estateThe wealth of information on BP is immeasurableI've read and learned quite a l...
I had been reading an article on marketwatch (https://www.marketwatch.com/st...), the part that stood out to me were the possible changes related to real estate that may be put into place. - eliminate the $25,000 exem...
Why we don’t like ARR (Average Rate of Return)
It’s easy to skew the numbers.
Here's an example of a positive ARR of 12.5%, but the investment loss is $50.
Year 1
Start Value: $100
End Value: $25
...
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...