I'd like a sanity check on my math. Am I estimating the taxable amount correctly? I'm in Germany where we can depreciate property 2% per year. This is a bit disappointing because the taxes will eat up most of the prof...
Hi. One reason I am exploring investing in real estate rentals out of state (I’m in CA) is to offset realtor commissions. Please correct me if I am wrong, but it’s my understanding paper loses from a rental can reduc...
We successfully flipped a house and had it for 2 years. How do we determine how much money to put aside for taxes?
As far as running your numbers for small muliti's (2-4 units) do you use the taxes listed on the MLS? I'm getting mixed up between what's on the MLS listing and what is on Zillow, Trulia etc. How do you guys calculate...
Have a tax related question about capital gain tax exclusion for primary residence (which was converted to rental in 3 years). Year 1: Primary ResidenceYear 2-4: Rentalyear 5: Primary ResidenceIn this situation, I do ...
I own a rental home that pulls in ~$400 / month or $4800 / year. I need a new car which is going to cost about $310 / month to lease (including insurance) or $3720 / year. I'm planning on putting this car under my bus...
Hi all I was just wondering when you do your analysis, how do you calculate taxes exactly? I understand in the calculation there is a tax tab and I see that people input there tax from there county assessors office. N...
Hey all - I know there are various Government websites we can use to calculate property taxes in a given city/state. I wanted to poll everyone here for your methods for calculating taxes and insurance on a new propert...
I've been using the Property Analysis sheet provided by this forum to analyze properties. When you say a property cash flows, and you want $100 per month per unit (in general) are you looking at the line "Cash Flow Be...
Forgive me if this not the right place for this question:as I'm analysing deals to flip how do I calculate taxes owed if the net profit is between 20-30k and the house sells for less than 200k?