15
Apr
By Kyle Muth
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Home Improvements, Real Estate Investments,

Which Home Improvements Add to Your Cost Basis?

Knowing how to calculate your cost basis can save you money on real estate taxes.  Real Estate Investor Tip: When you sell a property at a profit, you have to pay capital gains taxes on the sale. However, your capital gain isn’t the difference between the price you paid for the property and the price you sell it for. There are several other expenses that add to your cost basis. Knowing what expenses can and cannot be added to your cost basis helps you accurately calculate your capital gain on a real estate sale. This can save you significant money…
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12
Apr
By Kyle Muth
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Real Estate Investments,

Is Buying a Multifamily Property a Good Investment?

When deciding whether to purchase a multifamily property (and what kind to purchase), it’s important to review the benefits and disadvantages of investing in multifamily properties.  While we’ll address this in a traditional pros and cons fashion, it may be equally effective to look at multifamily investing through a different lens; by analyzing its risks, benefits, and the required time commitment involved. To put multifamily investing into a reasonable context, it needs to be compared to the alternate investments one could purchase — say, stock in a well-known company. For instance, if we compare purchasing a 10-unit apartment property for…
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