Chris Mahoo
Long term rental when you are not full time real estate professional
22 January 2025 | 10 replies
Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.
Preston Timothy
Home loan qualification questions
18 February 2025 | 3 replies
You can typically count 75% of the previous rental income (from the units you will not live in) toward your qualifying income.
Don Aleshire
Advise for managing property of out of state
22 February 2025 | 18 replies
Gross income/rents * 11 rent multiplier = Total value.
Melissa Stanley
Starting with a Friend (LLC?)
19 February 2025 | 8 replies
I’m a high income W2 earner getting hosed on taxes (currently own 5 properties).
Christine Vasquez
New opportunity out of state
21 February 2025 | 28 replies
If your income grows faster than inflation, you'll have the $162 needed to purchase the basket.
David Cherkowsky
How to Calculate DTI with Schedule E
16 February 2025 | 5 replies
Debt to Income Ratio will be used for more conventional types of financing (Fannie/Freddie).
Tom Pero
Tax Question - Long Time Resident of Virginia With a Rental Property in West Virginia
23 February 2025 | 2 replies
You have to report all other types of income to WV besides Wages and Salaries.Therefore, yes, you would report the WV Rental income to WV.
Matt Rollins
Where to start?
25 February 2025 | 7 replies
Do you mind me asking how much you would need to replace your income?
Morgan Vien
I live in CA and am buying a rental property in OR. Advice on LLC + Taxes
23 February 2025 | 10 replies
If the LLC and its income are entirely outside California, it typically does not require registration with the California Secretary of State (SOS) or payment of California Franchise Tax Board (FTB) fees, even if you reside in California.
Kevin Bartel
Starting in real estate
20 February 2025 | 23 replies
Additionally, strong tax planning is essential, as your W2 income limits your ability to deduct passive losses.