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28 May 2024 | 6 replies
You can request those tenants to clean the bathrooms through rotations or just charge them a small cleaning fee to hire cleaning crews to clean the house 1-2x a month or you do the cleaning yourself to save up money and have extra passive income.
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28 May 2024 | 17 replies
I want to build a rental income portfolio in milwaukee.
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27 May 2024 | 4 replies
Heloc I think we could get $175k, maybe DSCR, I am a veteran with service connection disability rating 40% but with my mortgage and car loan not sure I could make debt to income work.
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27 May 2024 | 1 reply
Also, will I continue to get the W-2 Tax benefits using the STR loophole if I move these properties into an LLC?
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28 May 2024 | 6 replies
To some capital, as long as the product is not traditional vertical, apartment-style product then it is still build for rent.The biggest evolution I have seen in Build for rent recently is the transition to multi-parcel and for sale/for rent hybrid developments which is contrary to what was more standard in build for rent 5 years ago---traditional single parcel developments for density and tax purposes.
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24 May 2024 | 6 replies
My W2 income is >$550k/year, if I build an RV/Boat storage facility, will my storage business expenses/losses be able to reduce my W2 taxable income?
27 May 2024 | 2 replies
If your LLC earns a profit on fees it earns from property management you will owe self-employment tax.
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26 May 2024 | 11 replies
Your “rent” is going to be the landlord’s principle, plus taxes, plus insurance, plus their mortgage interest, plus profit.
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27 May 2024 | 14 replies
I've always thought Chicago had outrageous property taxes.
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24 May 2024 | 17 replies
This does not include any tax prep.