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All Forum Posts by: Ricardo Diaz

Ricardo Diaz has started 23 posts and replied 65 times.

Post: Are the taxes going to be bad for rental owners

Ricardo DiazPosted
  • Rental Property Investor
  • Bridgeport ct
  • Posts 67
  • Votes 12
@Chris Eidson looking into that too.

Post: Are the taxes going to be bad for rental owners

Ricardo DiazPosted
  • Rental Property Investor
  • Bridgeport ct
  • Posts 67
  • Votes 12
@Chris Eidson now I wanted to add something . I don't have a company or anything like that. Just bought a two family with mortgage under my name. Hope it still favorable .

Post: Are the taxes going to be bad for rental owners

Ricardo DiazPosted
  • Rental Property Investor
  • Bridgeport ct
  • Posts 67
  • Votes 12

Sigh  of relief. I was very nervous about it too

Post: Are the taxes going to be bad for rental owners

Ricardo DiazPosted
  • Rental Property Investor
  • Bridgeport ct
  • Posts 67
  • Votes 12
With the new tax codes and me being a first time owner. How bad is it going to be for me when I do my taxes . And what incentives are there for real estate investors .

Post: Looking for a cpa . First investment .

Ricardo DiazPosted
  • Rental Property Investor
  • Bridgeport ct
  • Posts 67
  • Votes 12
@Michael Plaks lol you guys

Post: Looking for a cpa . First investment .

Ricardo DiazPosted
  • Rental Property Investor
  • Bridgeport ct
  • Posts 67
  • Votes 12
@Michael Plaks basit just texted me lol

Post: Looking for a cpa . First investment .

Ricardo DiazPosted
  • Rental Property Investor
  • Bridgeport ct
  • Posts 67
  • Votes 12
Hi guys just wanted to put it out there. I bought my first investment property and it's all going well. Now tax season and I need help with separating my receipts and paperwork that will be good for the irs and help me in the long run. I am in ny but my home is In Connecticut. Any help would be appreciated.

Post: Cashout refi or using heloc? When is it beneficial

Ricardo DiazPosted
  • Rental Property Investor
  • Bridgeport ct
  • Posts 67
  • Votes 12
When is it beneficial to use cash out refi or heloc , To buy a single family home . Just looked at conventional loans but someone made sense to use heloc and have tenants pay for faster return.

Post: Starting an llc to take over mortgage of house .

Ricardo DiazPosted
  • Rental Property Investor
  • Bridgeport ct
  • Posts 67
  • Votes 12
@Cassi Justiz what are the benefits of doing the day to day operations through an LLC. Does that help with any tax savings ?

Post: Starting an llc to take over mortgage of house .

Ricardo DiazPosted
  • Rental Property Investor
  • Bridgeport ct
  • Posts 67
  • Votes 12
Hello people. Just wanted to get some info and maybe have me steered in the right direction. Last year I bought a two family in Connecticut. Bought as an investment property and mortgage under my name. Now I want to turn it over and have it under an LLC. I hear stories of mortgage companies wanting their money right away if you want to change title . But if I cannot , what other steps I can do this. Can I start the LLC and send rent payments there and build up credit ? I'm stuck on what to do. Any help would be appreciated. Thanks