With the new tax law, net income that is received via a pass through entity is allowed to have a 20% tax deduction. Essentially 20% of the rental’s net income is tax free.Most owners have mortgages on their property ...
I'm looking at purchasing a single family house with tenants in place as my second rental property. My first was our former residence so there was no real transaction to deal with. Purchase price is around $35,000 (my...
As we go into 2019, figured I'd share a tax related planning tip that I personally feel will be important for business owners and RE professionals moving forward. For complete details, please reach out to a tax prof...
I want to buy a house subject to and have the owner rent it from me. (He's willing) I then want to have him re-fi immediately, as he does not have a fixed rate mortgage. He would sign a 3 year lease for $2500/monthly....
Hello BP community and for those who already made it :-) :-) (Baby boomers & Gen X)
when I was in school some one once said to me, to be financially free you need to have five sources of Incomes - at that time I ...
Greetings BP. I have recently purchased a legal duplex with the following set up: One unit is a self-contained 1 bedroom unit and the other is a 7 bedroom/2 bathroom unit. Total of 8 bedrooms.Firstly, in the city w...
BP experts,
I just received my tax assessments for 2013. Most seem fair, but one is 2.5X the appraisal value from my refinancing (about two months old now).
I disagree with the appraised value, but it ...
I am looking at a CRE with 9% CAP rate and absolute NNN lease with 8 years left ( 2% rent increase every year). The tenant is a medium size business. The lease is guaranteed by the tenant business LLC and no personal ...
Situation: How to acquire a loan with a new LLC unable to approve income?Scenario:1. Own property and needs full renovations2. Class C/D area so looking to rent out after Reno done3. House debt: 7500.004. ARV: 750005....
With a new technology it is easier to access data. The tools are there to find coop brokers who work with buyers to bring to the listing agent. Those who are computer or device savvy can go view direct or call whoeve...