Daniel Blau
cost basis of a 1031 replacement property
I am shortly doing a 1031 on an investment property and really there's not a lot clear on how you compute the cost basis of the replacement property or properties. From best I can tell the cost basis for the new pro...
Gary Tommeraasen
Multiple Rental properties in group package
I recently found a landlord that is selling 17 rental properties for $500,000 with owner financing. The owner wants 20% down so $100k and will carry the $400k. I'm working on getting more details from him. He did say ...
Scott Schlueter
Is this a good investment?
I'm considering a 4 unit property. It is 2 duplexes with attached garages. The property is in great condition in a desirable area. Purchase price is 300K. Gross income should be around 36k per year. Taxes are 9k and i...
Shayan Sameer
Duplex near the beach
Hi Team,I'm working on a deal right now at West Palm area... It is a duplex with 2/2. I've never owned a duplex before, so I don't know too much about it. I'm thinking about renting it out, but I'm not sure if it ma...
Justin Goodin
How Are Cap Rates Calculated?
There are multiple ways to come up with a cap rate, so be sure to always ask how it was calculated.
Most cap rates are calculated by taking the net operating income and dividing it by the market value. Cue the examp...
Chris Martin
Simple depreciation explaination
This was taken from a PM to a colleague.... After writing it up, I figured I'd put it here for your entertainment;) About the tax comment in my post...This is a simple example. The numbers are to show the point. Don't...
Zoey W.
Landlords are now taxed on gross revenue and NOT profit!!!???
1. Forgive my ignorance but after watching youtube videos regarding recent changes about landlords it gave me the impression that "section 24" means that landlords are now taxed on "gross revenue" and not "net profit"...
Mario Morales
Not sure how to interpret this-Schedule E - Is this good or ok ?
I am working on my schedule E and this is what the year looks like for 2023. I see the numbers and I don't know how to interpret them. I don't have deprectiation in here and the monthly mortgage going towards principa...
Shameen Brown
novice flipper, looking to build a rental portfolio
Seasoned DE/SARR/LAPP Mortgage Underwriter, I have flipped a few homes with family in and out of state. I have recently relocated from NJ to FL and I am ready to build a real estate portfolio. I am taking the 90-day c...
N/A N/A
Starting out rental property or lease options?
As I started to develop a small business plan (<20 pages) I realized that there are many ways for me to be successful in this business: wholesaling, rehabs; owning rental properties; buying 2nd mortgages and medica...