I have 9 rental homes which I have been entering seperately on parts A,B & C of three different pages of Schedule E on my Income Taxes. Expenses which are exclusive to a particular house are listed for that house...
I am beginning to managing vacation rentals . Right now, I am assisting (cohost manager), and the owners are filing the various income /hotel motel taxes, and paying me a percentage to manage the property and guests. ...
First time posting and need some advice on this topic:Currently, my parents (retired) own a house in Phoenix, AZ area that is free and clear that I am estimating worth $300k-$350k. I also own a free and clear home in...
Hello,
I just signed up for Quickbooks Online Plus, and I need some help regarding the set up for my LLC (flipping) and 2 rental properties (personal name).
The cleanest way from what i'm hearing is to set it up a...
Does income from a job come into play? Or long term rental income? I am currently trying to do this for the first time, I still have a job but want to know after I refinance why you a bank give me another loan to do t...
Why does the BP rental prop calculator show cashflow increasing over time? I'm consistently seeing this with all the props I analyze. Seems to be going up each year in the final report out. Didn't see any posts on ...
We have a rental home in Utah that we're considering selling in the next few years. It has 15+ years of depreciation and about $200,000 equity. We're considering moving into it for two years to save on the capital g...
I have been sinking $ into renting a place the last 5 years in Tampa Bay, FL. Finally got promoted enough to look for my 1st primary residence. Considering taking a 2nd mortgage to do my 1st rental at the same time, b...
Here is my current situation, I bought my first rental property using an equity loan from my primary residence. I am looking to move forward and expand my buisness. I have listed below the numbers to get an idea of wh...
What is your maximum rent for an SFH or an appartment unit? I am planning to rent an SFR for $2300 near Downtown Chicago and do not find that many people with qualifying income that will be 10000. What is your ex...