Andrew Brown
Need help in Detroit
Need help analyzing my first deal. It's in a c class neighborhood in Warren MI. Price 105,000 rent ready. 3 bed 1 bath, basement and garage. Expected rent 1200. Expected taxes 3200 (unbelievable to me!). It meets 1% b...
Adam R.
Tax calculation for partial 1031 exchange
All online 1031 calculators can calculate taxes due but don't have an option to calculate the tax due on a partial 1031 recognized gain. Any recommondations for a website, form or formula that I could use?
Stephan Bataillard
Advice on types of lenders for refi on rental property
I'd like to know what types of lenders I should go to refi rental property.
My primary residence is a rental.
I'm a freelancer with a mix of W-2s and 1099s and my income varies year to year and especially this year ...
Daniel Hinojosa
Critique my analyses of This multi family
I am practicing my ability to find and analyze local multi families in the Detroit area. I would appreciate input on this property and my analysis of the investment . Thanks ,Dan https://www.redfin.com/MI/Hamtramck/11...
Frank S.
Spreadsheets: Should depreciation and taxable income be included?
Like many of us, I have created my own spreadsheet calculator to analyze multi-unit properties. I am struggling to understand how depreciation and taxable rental income should be calculated in the spreadsheet.As I cur...
Mark A. McElhannon
Tax liability when selling investment property
I have basic question that I'm still unclear on. I'm looking to sell my first SFH, which I've owned and rented for 17 years, for a profit. I'm unsure of the tax liability/taxable gain due after the sell. This will det...
Keith Dalhaus
Taxes on rental income
Hello,My name is Keith, I'm new to the site and just beginning to do some property analysis. My question is on how to account and plan for any taxes I will have on rental income I receive. ( keep in mind my calculatio...
Augustine Chang
Future Tax Estimates Under 421-a Abatement and Room for Negotiation on Property Issue
I have a property that I am looking to buy, which is currently benefiting from a 421-a tax abatement. The selling agent informed us that the taxes are $97 per month for this year. For the 2024-2025 period, the taxes a...
Account Closed
How do I calculate my capital gain?
I’m closing on the sale of a duplex on Friday, and I’m trying to figure out how much I will need to set aside for capital gains taxes. How do I figure out my cost basis? What expenses raise my cost basis? For example ...
Hisham Ahmed
IRS Question for wholesale business
Hello everyone,
I just about to form an LLC in TX to do property wholesale, and I was wondering if I need to get an EIN number from the IRS for the business.
Is this kind of business taxable and I will need to file ...