All Forum Posts by: Krishnasai Koneru

thank you Denna, i am also looking for buying a mulit unit property. Your information is valuable. Thanks!!

ok.. i thought real estate income is passive income. it will no be taxed.

so if i make 1000$ positive cash flow. i.e. if i make 1000$ per year on this condo. So that amount will be taxed ?

sorry i am very new to real estate. or if i am asking a dumb question. 

@miton rivera

Ok.. i thought the HOA fees what i pay from my pocket will be refunded by IRS..

so if i make say 1000$ positive cash flow on this condo. will that 1000 be taxed ?

Hello Jon, I am buying a condo for rental/investment property and the rent is around $1000 but the HOA is $333. So can the HOA be shown as an expense ?

so will i get that money back according to the new tax bill that is passed last year ?

Any input is greatly appreciated. 

hello, I am very new to real estate investing. I am going through the book on rental property investing. I talked to the mortgage department at my credit union usually they are saying condos are high risk. the rental value is 1000$ but the hoa is 330$ so one of the banker is saying do not worry about hoa you will get it back when you file taxes and show it as an expense. and also the interest rate you do not worry about. 

Is this true ?? Any help would be greatly appreciated.