All Forum Posts by: Philip Johnson

Hi,

I came across some cool calculations that I've heard as buzz words when looking at potential real estate for rentals on limitless turnkey.

They have "Cash on Cash return" Internal rate of return, return on equity, capitalization rate, gross rent multipler, debt-coverage ratio, and operating expense ratio listed on potential purchases.  I'd like to be able to calculate this myself on potential purchases.  Where can i get something like this to calculate these numbers? Link below. Example of Calculations from limitless turnkey 

Hi,

I have 5 flip-to-rent properties, and i have a day job as well ... I just refinanced a property and my loan officer said I have a "high debt to income ratio of 48" What does that mean? How do I get this down? 

I am filing my 2018 taxes soon (I asked for extension).  Does it help to have as much as possible in improvements as opposed to repairs, or not claim repairs?  Is there anything else in tax filing that helps? My properties cash flow very well, $500 a property.  But, I have lots of repairs that I claim on them every year. 

Basically, what is debt to income ratio, and how do I keep getting qualified for properties? 

 Thanks this is extremely helpful! I use turbo tax, I would just claim the 2019 improvements in 2020? Any special way to do that in turbo tax ? 

Sorry I needed to clarify! It's being converted to a  RENTAL property, this is my #5 rental property. If it's a rental can I carry over the expenses to the next year? 

Hi,

My first post!

I have a house that I am doing a full-time live-in flip on.  I am complete rehabbing the front unit, and then adding on/converting garage into 2 bedroom house.

Problem is, I won't be done until next year.  I file a schedule E with itemized depreciation of improvements.  Can I claim 2019 expenses in 2020? Otherwise, all of those deductions will be lost?