Abe M.
Best Yields/Up & Coming areas in Utah to invest?
3 February 2025 | 5 replies
I have over a hundred rental units I own and operate in Utah everything from homes and condos to larger multifamily.Salt Lake County has higher property taxes and is basically built out already and Ogden even though you can find good opportunities in the long run it won't be able to compete with South Utah County or Eagle Mountain.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
What's even more frustrating than asking the IRS help desk, is asking a Turbo Tax "Tax Specialist".
Lutfiya Mosley
The Multifamily Mindset program. Biggest regret of so many people. Is it a scam?
24 January 2025 | 35 replies
It has cost many people including myself a lot of unnecessary money and still is because you deal with the tax portion of opening unnecessary LLCs recommended by supposed professionals.
Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
27 January 2025 | 17 replies
I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)
Ray Mungia
Buying and Selling Land as a Flip
22 January 2025 | 2 replies
Besides lists from the tax assessor, how are you finding your deals?
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
Taxes are private, 1099 are private.
Katie Southard
Really want my rental in an LLC
14 January 2025 | 1 reply
If you continue filing taxes jointly the income you realize from your separate property will still need to be explained and redacted, regardless of the type of entity holding the real estate.
Rachel Jane
Rent or sell
20 January 2025 | 7 replies
If you can rent it for $2,000/month, after fees, taxes, and potential maintenance costs, you’d still make a decent passive income.
Erick Pena
Advice Needed: Identifying "Good Deals" in Real Estate Investing
20 January 2025 | 14 replies
Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.
Carl Rowles
Rehab Financing Strategy Help
19 January 2025 | 10 replies
Whichever loan that you decide to use, the interest will be tax deductible due to interest tracing rules.