Mandeep S.
Lack of clarity with regards to house hacking taxes/depreciation
Hi,
It seems this is hotly debated on the internet.
If I have a single family home and rent rooms out, are proportions of common areas allowable in calculation of depreciation and expenses?
For example,
Let's say ...
Webster Edpao
Figuring/estimating depreciation costs
Hi. First post. šI understand that to determine depreciation, one takes the FMV minus the cost of the land and divides bu 27.5, correct?However, how does one determine the cost of the house(alone) on the property? Is ...
Glen Holmen
It seems like thereās value here but I canāt figure it
Hi. Iāve flipped 10 homes but now looking for rentals. Family member offers me this deal. Seems like thereās value but I canāt figure it out. Can you help?South Valley Albuquerque NMĀ 3/2 2000sqft on 1.15 acres of gorg...
Javier P.
Estimating depreciation basis cost
Hello everybody,I have read a lot of the old postings related to estimating the cost basis for depreciation of a rental property; however, I am not clear yet on how to answer the following question:In 2013 I bought a ...
Quincy Baker
About Using Trusts etc.
Iām trying to determine the best and simplest way to disposition properties when wholesaling while maintaining anonymity and keeping my wholesale feel undisclosed when using an assignment. I am set up as an LLC. I und...
Bill Kramer
Bathroom sizes. Which should be bigger?
Design question:Converting a 3 bedroom 1 bath ranch to add a 2nd bathroom in a bedroom to create a master bedroom. But im torn on a design question:Should the master bedroom bathroom be larger or smaller than the publ...
Jason Chambers
CALCULATING THE CAP RATE
Can someone please explain the cap rate and how to calculate it according to my offering of a property.Ā I just purchased my first investment thanks to everyone on here and it went very very well.Ā I think I got lucky...
Jenna Meditz
New Development - Building Townhomes - Where to start?
We are currently under contract on a piece of land where we can build 6 attached units by right. Initially, our thought was to keep all of these units on one parcel, held in the name of our LLC, as our strategy is to ...
Navya Rajput
How to calculate the tax
Hi I am looking for a way to calculate the taxes for the properties that I am evaluating. For eg If I am looking for property in Worcester, MA. I am looking atĀ this siteĀ http://www.worcesterma.gov/finance/assessing. B...
William Coet
Need Help. Paying For Heat/Elec. Tenants Using Space Heaters!
Hello,I would like to know if there are solutions to this problem:Despite the thermostat being set to 68-70 degrees, the tenants will plug in electric space heaters and drive up the electric costs.This is a 4 unit bui...