All Forum Posts by: Noi K.

Thank you so much @Nicholas Aiola !!

@Nicholas Aiola - Hi!

I have gains from sales of two of my rental properties. I am investing the gains into Opportunity Zone funds. Capital gains taxes are defered until 2026, but is depreciation recapture excluded from the deferral?

Can you point me to a resource that explains that rule online?

Thanks!!

Thanks @Account Closed

Yeah it's been really tough to find and keep good contractors. We even tried TaskRabbit but it was like 0 for 5 - just could not get anything done :(

@Nathan Williams thanks! I'll send you a PM.

Hi, can anyone recommend contractors or handymen in LA area?

Nothing huge, but we have lots of small tasks and need help.

Thanks!!!

@Dave Foster , I understand that refi'ing to cash out right before the exchange is considered a bad practice, but I don't quite understand the reason... Refi of not, the amount of fund that goes into the exchange is the same, right? (sale price - costs related to sale)

It only changes the amount of new debt you need to assume. Am I missing something?

@Thomas Rutkowski @Lingo Lin

Thank you both for very interesting discussion!

Thomas, I just have a question about this part -

"You deduct your cost of money as a business expense, so you have taxable income of $4,462.50. You will pay $1,785 in taxes leaving you with $2677.50."

Isn't $4,462.50 deductible interest payment? ($8500 x 5.25%)

That makes the taxable income $4037.50. Tax due is $1615, leaving $2422.50 after tax.

ROI then is 7.86% (instead of 8.12%).

Am I reading it right? Please let me know if I missed anything.

Assuming 7.86% vs 6.0%, it looks like this after 1/10/20/30 years -

Hi @Wes Shive , Kaz Uemura helped me with my trust, and is versed in RE. 

AND he is in Torrance :)

http://www.uemura-law.com/

@Mike Dymski , did you do it?

@Greg Ko , I suggest that you talk to @Ryan Swan . 

He helped me out with my house in PHX (I'm in LA), though we didn't end up working together.