Vivan Bhalla
Help me with deciding an area for my house hack
Hello,I am a software engineer who works remotely and lives in Jersey City. I am planning to invest in a house hack using the FHA loan. I have close to 50k to invest by Feb 2024, that is when my current lease ends and...
Jack B.
Just sold one of my houses, debating on what to do with the money
I had lived in the house for 2 years. I put down about 100K and am walking away with about 300K, 100K of which is my down payment, give or take (rounded numbers for ease of discussion).I just moved into one of my chea...
William Edwards
Depreciation Recapture via Syndication in SDIRA?
Would there be any considerations regarding depreciation recapture when a syndicated investment is disposed (ex: at 10 years) when purchased via an SDIRA (Self Directed IRA)? Will those investment funds need to be 103...
Account Closed
Tax benefits with real estate
Hey guys, I got married this year and I’m trying to find my first real estate to buy. Because of the amount of standard deductions I will now get, I was thinking that taxes will be better if I get depreciation instea...
Kim Wu
Buying investment property with personal income vs. corp $ in CA?
Newbie here.I run a small business and it's generating healthy revenue.Looking to invest in my first investment property and was wondering if I should purchase with my personal income or buying it through corp?I am co...
Mary Ainsworth
Estimating property taxes for analyses
Hey! I'm just learning how to analyze deals and I'm confused about how to estimate property taxes. option 1: someone told me that property taxes are about 1.25% of a property's purchase priceoption 2: the mortgage est...
Tadeh Vartanian
Detroit, MI or Greensboro, NC
Hi everyone,
New investor from California looking into deciding which market to start off in. I've narrowed my search down to Detroit, MI or Greensboro, NC. Two very different markets.
I would love some input from t...
Jackson Long
"Tax benefits" explain?
Hey guys, we often talk about the tax benefits of owning real estate. Do these benefits extend beyond the rental income? Could somebody give me a laymen's overview of how this works?
Rich Weese
Florida members Need info
Anyone know the tax rate on properties in Orlando area? 1%, 2% or what? Thanks. Also, any way to protest the taxes?
David F.
State Tax
Hypothetical scenario: I live in CA and purchased a rental in NC that my brother manages. If I have a $10,000 taxable profit (after depreciation etc) from that property. I am in the 9.3% CA income tax bracket, and ...