If Cash on Cash Return is...CoCR = (Rent - Operating Expenses - Loan Payments) / (Down Payment + Closing Costs + Renovations)And I'm using a 1031 Exchange to upgrade from one property to the next, does that mean my Do...
I Found this on a mortgage Calculator website, if this is true...What would be our new strategy to counter the Thousands of Dollars in Interest payments we can no longer deduct ?Understanding The Income Tax Implicatio...
Just wondering how a potential lender would account for improvements done to an investment property. Do they count them against income for the year just like repair expenses, do they not consider them at all, or mayb...
I'm looking at a property with two buildings.The first house is very well kept and reflects its fair market value - no substantial room for improvement there. The second, however, is a very spacious two-floor standalo...
Hey All, I am a realtor and have a client who is looking to improve his property prior to selling. He has no income because he is taking a new job out of state after he sells in 4-6 months. He currently has a 1st an...
Ph.D. Level Scenario?I’m about to close on the sale of a property as a 1031 Relinquished (RLN) property (several are on the market - i.e. RLN1, RLN2, ..3, ..4…, all are free & clear) and am actively searching for...
Are mortgage points paid on a rental property deductible the year the property was purchased, or do they have to be depreciated over the life of the loan?Thanks.
Hey everyone!
Looking for a solution for my mui-family
I purchase a home back in September with the state of Rhode Island through their first-time homebuyers program where they gave me 10 K for the life of the ...
I have to re-line the box gutters in one of my properties. The best quote I got from a reliable contractor was 10k for both box gutters.
I do have the cash to cover this, but those investments are doing quite well r...
First time 1031 Exchange user. Hoping to do an improvement exchange. I've got $230K in equity from my relinquished property to spend. And a target property that I think I could get if I offer $160K cash. Is this all O...