Matthew Stapleford
LLC or Corporation
I currently own properties in an LLC, but I was just reading that it is a good idea to own properties in a corporation because of some of the tax advantages that exist for corporations. I was hoping to get some insigh...
Jeff Shorter
Borrowing money in one state and buying in another
Hi, I have a rental property in California that does not have a mortgage on it. I would like to take out a mortgage on it in California and buy a multifamily in Massachusetts. The advantages are that I can get a b...
Michael C Williams
SALT Cap likely to be repealed
Democrats including Nancy Pelosi, Chuck Schumer, and Tom Suozzi are putting pressure on the current administration to repeal the controversial SALT (State and Local Tax) cap passed in the 2017 Tax Cuts and Jobs Act. T...
Tony Lin
Adjusting cap rate for tax basis
When underwriting multifamily deals, I frequently hear people say "cap rate is xx when adjusted for property tax". Can someone expand on how this works and why it should be adjusted this way? In projections, we usuall...
V B.
Bay Area, CA: Convert a Property from +ve to -ve Cash Flow?
All,
I have a SFH rental in Bay Area, CA. I have around 1.2 mil equity in the property and around ~460K loan. The house is cash flow +ve. Around 12K/year. I have high W-2 income (50% tax), and am thinking about doing...
V B.
Bay Area, CA: Convert a Property from +ve to -ve Cash Flow?
All,
I have a SFH rental in Bay Area, CA. I have around 1.2 mil equity in the property and around ~460K loan. The house is cash flow +ve. Around 12K/year. I have high W-2 income (50% tax), and am thinking about doing...
Ryan Watson
newbie self directed question
I recently found out about being able to open up a self directed IRA for investing in real estate. What i am eager to know are the stipulations? Can it be my primary residence or do I have to do something else with...
Rafael Trinidad
Do i pay long term Capital gains or short term
If i buy land and start building 12 months after i perchase the land and sell land with new property for a profit do i pay long term capital gains or short term ?
Mike Heth
New member questions
Hey everyone! Just want to say thanks to all who contribute to this wonderful asset we call bigger pockets. I'm a SSgt in the USAF, trying to get started in the RE game. I'm going in with one of the lower risk startin...
Christian Valencia
Duplex Tax Loopholes
My wife and I are closing on an owner occupied duplex later this month - tenant is already in unit B. The home is in great shape, but bathroom and kitchen are outdated. We want to maximize deductions and are looking f...