Dave Schimmels
Investment for beginner
15 January 2025 | 6 replies
Purchase price: $85,000 Cash invested: $33,000 Cash flow is after all expenses including vacancy, maintenance, and capx deductions.
Todd M.
Inheriting tenants and no move-in inspection
26 January 2025 | 5 replies
They can fix them to get their SD back or you can deduct that without them saying "it was like this before".
Mike Levene
Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
I believe interest is tax-deductible if used for property improvements or purchases, and it gives you quick access to funds while keeping your stock portfolio intact.Private Money Loan: If you have a trusted partner and terms that work well for both parties, this could be an efficient solution without tapping into your other assets.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
Startup costs paid out of pocket should be recorded as capital contributions and may be deductible as startup expenses or amortized.
Bruce Rasquinha
SDIRA's as investing tools
23 January 2025 | 5 replies
It scales up to 37% once you get to around $12k of income but the UBIT is calculated after the first $1000 is deducted along with expenses and depreciation again only on the same % the property is mortgaged.
Amanda Lindsay
Is Rent Redi too good to be true?
19 January 2025 | 13 replies
It links to our business bank account and our business credit card so come tax time, deductions should be easier.
Zhong Zhang
a multifamily investment case analysis
19 January 2025 | 6 replies
The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
19 January 2025 | 8 replies
You’re paying $70k in “non-deductible” interest in exchange for less deductible interest.
Charles Evans
What Paperwork Should I Be Keeping Record Of?
29 January 2025 | 9 replies
@Charles Evans, definitely keep all paperwork associated with your tenant (lease, receipts, etc).For expenses that are not split per unit but are for the entire structure (utilities if not separately metered, mortgage interest, etc), keep a record of those payments so your tax pro can deduct a percentage of them for the unit you're renting.
Evan Price
Possible Small Claims Court Action Considered - Need Previous Tenant's New Address
14 January 2025 | 1 reply
Just deduct security deposit and move on.