Hello fellow investors. I had a question. I am selling an investment property and wanted to understand capital gains correctly. When I purchased the property I put down 25% downpayment of my own money + closing costs....
Hi Guys,I'm new to these forums and appreciate all the knowledge everyone has shared. I look forward to contributing.I'm looking at a 14 unit apartment building in Ohio. 90% section 8, building looks really good and w...
This is more of an Accounting question but the REI aspect of it does warrant discussion IMHO. I have a sizeable 401(k) that I would like to take a distribution on so that I can use it as after tax dollars in order to ...
Hello,I just inherited a condo in Clearwater, FL. It’s a 1 bedroom, 2 bathroom officially. It’s really a 2/2 but the second room does not have a door or window so it doesn’t qualify as a room. I estimate it’s value to...
I've been looking into getting into purchasing rental properties in Baltimore recently but have found that there are some hurdles special to Baltimore. I have seen on the BP forums that the lead paint inspections that...
I am new to real estate investing and have been actively looking for an investment property in the San ANtonio/ Austin area . I am based out of California.Can anyone suggest the best way to do this to avoid tax confus...
Hi,I am a single family home investor, however we are looking to sell our primary home in Chicago and moving to Dallas this summer.We have bought the Chicago home in Nov'22. Would I owe tax on the profit I make on the...
I have a question on deprecation recapture and the tax consequence. When you depreciate a expense like a roof then sell the property. It seems that the roof expense become a capital gain since you have to add the de...
Hi guys,
I was wondering is there a software that has help with your investing that you can't live without. Keeps you organize and help with the day to day operating of your real estate career.
Curious what everyone here has been averaging on STRs in the Destin/Ft Walton area? Some of the profits and losses I’ve been seeing in certain properties have been significantly lower than Airdna projects, with only a...