Hi,
I am trying to fully understand taxation of rental properties before I make my first purchase. The scenario I'm looking at is a buy-and-hold strategy (100% cash) that would generate a moderate amount of income (...
I'm currently in talks with a Senior Owner to buy his 10 Unit Rental Property through Seller Financing. i have couple of questions Regards to tax benefits to him. so I can speak more Confidently about this deal.
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I've been modeling out tons of deals over the past month and refining my model (I'm a newbie and have made a couple offers, but nothing that has stuck yet - fingers crossed on one I'm negotiating price with now). I ha...
This is a confusing question. Let's say I put down $100,000 into a property which I then sell a few years later for $150,000. Now let's say I 1031 that into a new property with a total down payment of $225,000. If I'm...
I want to talk to someone who can provide me with legal advice. Earlier this year, my condo was damaged and made uninhabitable by a water leak that happened in a unit that is a few floors above my rental unit. It has ...
So I am almost done with my 2nd brrrr property this year. I completed my first property and was able to cash out all of the property cost plus rehab cost. I bought in cash and when I went to refinance the interest rat...
In a 5/1 ARM loan can the bank agree to a higher fixed interest rate for a 30 years mortgage when the 5/1 ARM loan is setup or do you have to wait after 5th year and then you will need to refinance into 30 year fixed ...
Hi all, had a few questions about my condo in Encinitas which I originally purchased for $430k and maximizing tax benefits when I turn it into a rental in the coming year.1) How do I figure out my adjusted cost basis ...
The following scenario is a hypothetical but fairly close to the real life situation I’m in. I’ve simplified things in the scenario for clarity.Five years ago, two others and I formed an LLC to purchase a multi-housin...
One author recommends replacing the roof on houses that you are going to BRRRR. The logic behind this is that the appraiser will give more value to the home and you have just affectively financed a new roof. If that h...