All Forum Posts by: Paul Post

I completely agree with you Basit, but I still believe it would improve the tool if it allowed us to input a percentage amount for both state and federal income taxes.  It could allow 0% or a negative % if that’s what someone expected.

I'm asking about income tax on the cash flow, not property taxes.  We get hit with both Federal and State income taxes and g if it is significant. I agree there are write offs such as depreciation and expenses, but I'm just wondering if anyone figures that expense into their cash flow expectations from a rental property, and if so how they estimate the amount to deduct from the profit.

Hello Derrick.  I am checking out different states that are landlord friendly and I can find deals that pencil out.  The Charleston area seems like something I could do.  I am primarily seeking cash flow, as my top criteria, versus appreciation.  Do you have any insight or contacts in the area?

New investor in the Charleston, WV area looking for a investor friendly real estate agent and property manager. I am looking for recommendations and maybe some questions I should be sure to ask.  Also, any advice which neighborhoods to be sure to steer clear of and which ones you like.

@Vince Mayer Thank you for the input.

Any St. Louis investors out there?

I’m considering investing in Ferguson, MO. Does anybody have a pulse on the market there? Any thoughts on how the aftermath of the riots have impacted the real estate community?

Greetings,

I am using the BP Rental Calculator help me evaluate potential rental properties, and attempting to be as accurate as possible.  I like the fact that it accounts for so many potential expenses.  One big expense that I do not think is accounted for is income taxes.  How do you account for this expense when evaluating an income property?  Considering depreciation, and expenses, it may be a lower percentage than W2 income, but still a significant portion of the profit will go to state and federal taxes.  Do you use 10%, 15% more or less?  Do you consider income tax expenses as part of your cash flow evaluation when screen properties?

Thank you for your feedback,

Paul

I requested the info because I have just hired this PM and this is the first listing I have with them. They offered assurances as to their high level of confidence in the applicant, but have provided any other info on the tenant.

That is what I thought, but they are telling me it is against the law to share credit info. My initial google searches seem to back their claim: http://www.excalhomes.com/excalibur_home_management_blog/why_can-t_i_get_a_copy_of_my_tenant-s_credit_report