Mel K.
Land Trusts and Taxes
7 March 2021 | 1 reply
The Beneficiary gets the net income after expenses are deducted.
Connor Williams
All cash (little deal) little cash (big deal)
7 March 2021 | 1 reply
If you buy with all cash, then you have $500k sitting in a house that produces 6% return ($2,500*12 / $500,000) which does not account for any deductions for vacancy, maintenance etc.
Andrew R.
Property closed in Dec 2020 but not rented til Jan 2021 - Taxes??
8 March 2021 | 3 replies
If The property was put in service In December of 2020, if you advertised it. then tax wise you can deduct expenses and depreciation on 2020 tax returns.
Eric Stets
"Sale" of the property from personal to LLC
12 March 2021 | 6 replies
But, depending on your situation, the loss may not be fully deductible to the current year's tax return.
David Levin
Would you sell your primary home to invest in Multifamily?
9 March 2021 | 7 replies
Potentially you can deduct your interest of the loan from the cash-flow (check with a CPA ).
Phiroze Neville Divecha
Looking for first buy and hold rental in the Houston area
9 March 2021 | 7 replies
The cost to purchase can be higher but the goal is to break even on cash flow but the depreciation deductions on your tax returns saves you money that way.
Hector Salas
BUYING FIRST HOUSE HACK PROPERTY!
10 March 2021 | 4 replies
Your property expenses will need to be divided between business deductions and personal deductions.House-hacking will also complicate your taxes if you sell the property.
Mike Kalob
Insurance want to file 2 claims instead of one.. 2 payouts?
9 March 2021 | 1 reply
The agent mentioned I'd have to pay 2 deductibles which I'm fine with, so I ask if I get paid out twice my coverage $15k per claim on the same property = $30k.
Jack Bier
Security Depisit & closing on aunit right as tenant is moving our
11 March 2021 | 4 replies
Charge them for the cleaning of the unit and deduct that from their deposit.
Jesse Rangel
Deposit returned after leaving without notice?
15 March 2021 | 9 replies
LL then has 30-days to list damage deducted from deposit and return the balance.Texas Property Code Sec. 92.103