What is the definition of tax benefits and what are some types. What do tax benefits help with and what are they good for in real estate investing.
My Failed (almost 0$ down) BRRRR that netted me $26,663.00 tax-free and $37,000.00 of equity. Investor Profit: $14,175.00Background: If you’re new investor, here are some strategies with reflections so you can choose ...
I am confused with what "DSCR at purchase" is. Does this not include the construction loan ?
For example, when the DSCR is 3.00x and the Loan to Purchase is 68% , does this mean that NOI is 3.00 x the debt from a lo...
I'm looking for my first house and plan on renting out the extra bedroom part of the time - airbnb or traveling medical professionals mainly. Should I consider setting up an LLC and titling the property in its name? T...
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 ...
In June, I bought a 3 bedroom/1 bath SFH in Lansing, MI on short sale for $20,000 that I am now renting. I was able to find conventional financing from a bank, getting a 30-year loan at 4.79%. I'm currently gearin...
Hi.
I have a 1950s SFH property purchased back in 2005 for $178k. Zip code 98310. Population growth, total about 5% during the last 10 years. It has a detached two car garage. Decent sized land. Unfinis...
I recently booked a single family home from a reputed builder in Frisco, Texas. Every year, property assessment happens in Jan/Feb months to get the new value. One of my friend told me that if the closing date is like...
Hi,I am curious if most BP members here with properties claim CCA during tax time. There seems to be two camps where:Take it : $1 save today is more valuable that $1 in the future, even with the recapture when sellin...
Hi BP community, I have a question and hoping someone out there has some insight.I have recently finished a development project of which my daughter is a partner. I want to give her a portion of the profits and want h...