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25 March 2024 | 5 replies
They also want to avoid any liability at all cost which is why I suggested an LLC structure.
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26 March 2024 | 3 replies
We put the HELOC into foreclosure to avoid it getting wiped out in the sale (The senior would have survived the sale).
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27 March 2024 | 9 replies
I use Stessa to keep track of all expenses and comes handy for taxes.
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28 March 2024 | 20 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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26 March 2024 | 22 replies
What will your combined W2 income be after taxes when you get married?
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24 March 2024 | 2 replies
We are not married, but I charge her 'rent' which is a little less than 1/2 the mortgage.Are there any tax benefits to saying she's a renter and I'm the landlord?
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27 March 2024 | 17 replies
Nevada is a great place to invest because it's landlord friendly, low property taxes, tech job growth, population growth, and no state income tax.
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26 March 2024 | 12 replies
Like everywhere, definitely some areas to avoid, I would also screen tenants thoroughly if you are out of state.
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26 March 2024 | 12 replies
@Angel M.Please discuss this matter with your CPA, who will likely tell you this is self-defeating.Passive income from rentals is favorably taxed.
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24 March 2024 | 3 replies
Hey everyone,Anyone have any recommendations for great real estate-focused accountants to help me with my taxes?