Richard Bautista
Too good to be true to have connected with a real estate agent who has a whole team?
8 January 2025 | 29 replies
There is really no reason to roll the dice in a craps game.
Fed Finjap
Reflecting on my first year house hacking a 3-flat in Chicago
2 January 2025 | 11 replies
The second-floor tenants stayed (they’ve been great tenants), but the third-floor tenants refused to pay the increase.Spring: Turnovers and Learning ExperiencesAs spring rolled around, I turned my attention to getting the garden unit rent-ready.
Irina Badal
Living trust/personal residence trust
24 December 2024 | 5 replies
So feels like a roll of a dice to me.
Chris Burke
Calculating Square Footage - Office Above Detached Garage
20 December 2024 | 3 replies
In some places, from what I read in Forbes, even a finished outbuilding might be noted separately rather than rolled into the main house’s footprint.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
It's set up to roll over when the lease expires.
Rene Hosman
What do you consider a "good" cash flow for a property in 2024?
7 January 2025 | 22 replies
Back before I retired, I didn't need any of the cash flow at all so all profit just rolled back into more properties.
Diana Teng
Should I Buy My First Rental Property Out-of-State If I'm Unable to Scout the Area?
29 January 2025 | 54 replies
Yes I think I should explore around , pick a market and see how things roll .
Izraul Hidashi
If a Borrowers Promissory Note Funds a Loan Who Is The Creditor?
15 January 2025 | 34 replies
many years later this is my 1st time seeing this post. you are absolutely correct. the people have been the treasury since 1933. your signature is requires for anything financial to get rolling.
Christian Pichardo
New Investor in TROUBLE - Carrying costs since April 2024
27 December 2024 | 34 replies
Set action plans that your going to strive for ____ and if by __ date plan A fails, you roll too plan B.
Angelo Llamas
Tax breaks for a rental breaking even
19 December 2024 | 12 replies
As mentioned elsewhere, breakeven on cash flow is not the same as break even for taxes.Let's make some assumptions:Rental income = $1000Mortgage payment = $400 - but $300 is interest and $100 is principalOther expenses (repairs, advertising, utilities, etc) = $600Depreciation = $250The above scenario creates a break even from a cash flow perspective, however the tax scenario looks like this:Rental income minus the mortgage interest (principal is not deductible) minus the other expenses minus depreciation looks like this:1000-300-600-250 = $150 LossIf your income is over $150,000, then you cannot deduct that loss, but you can roll it over to future years.