Generate my own personal estimate for each line item and ALSO a % confidence I have in that estimate.

But what if I have other properties that generated a capital loss?

CSLB | QUALIFYING EXPERIENCE CSLB | ACCEPTABLE SUPPORTING EXPERIENCE DOCUMENTATIONI'm a second generation GC with almost 30 years of experience in the area so let me know if you have any questions, Jerry.

If the property is not generating a profit, you won't have any tax liability.

Am I right to read this is a $240k property that will generate $8,000 in monthly revenue?

Hi! I’ve been house hacking for the past few years. I am here to learn more about REI.

You, as the property buyer and payer of the note, need to ensure that the monthly payments are affordable based on the rental income generated from the property.The terms of the note (interest rate, monthly payments) should be structured in a way that aligns with your rental income and financial capabilities.We can go over how to do this if you would like.

Rent Out Their Home: Prepare your parents' home for the rental market to generate income.2.

Account Closedsome questions for you and things for you to think about:-are you trying to generate capital to invest with? 

By default, a multimember LLC is taxed as a partnership.There is an opportunity to be taxed as a corporation(C or S) if proper elections are made.Just a reminder that an LLC is required to file a partnership by March 15 of every year.The partnership will generate a form K-1 that is required to be given to each member which is then used to complete their individual tax return.