Paul Smith
Use Rental Income to Pay Invoices or Use Credit Card
What is the more prudent play: use the rental income to pay for the invoices, or use my credit card that earns points? Paying with my own credit card will create a greater distribution at months end, so wouldn't that ...
Marla Lloyd
Cleaning up my credit and budgets
Hello a few years back I lost everything after my job closed down, now I am looking for some good advice on how to get my back taxes paid, clean up my credit and learn how to make some good sound investments for my fu...
Matthew Yrungaray
30 plex deal analysis
Hello all,
I am working on a 30 unit multi family property in SLC, UT. Each unit is 900 sq ft, 2 bed 1 bath. Units are updated and about 40 years old. Vacancy has been almost 0 in the last 10 years. The ...
David Zheng
Basic Self Employed Tax Questions
Hey Guys, I'm about to go the self employed route and need a little help with how do setup my personal income taxso tell me if I'm going about this right....Heres just a simple example1. 5k rental income- 2k expenses ...
Jay Miller
Lead Certification in Detroit
Landlord certification and lead testing costs have become a major issues for landlords in Detroit. This is great for buyers as it is beginning to weed out poorly capitalized owners. However, it is also proving to ...
Lee Pegram
Mobile Home Park--Please Help!
I am new to BP and I currently own 8 mobiles in a family park that is going well. I recently received a call from my real estate agent on a MHP. This isn't foreign to me but I am treading som new waters. It has 7 unit...
Daniel Murphy
Oddball youtube / rehab tax deduction question
I've had this question in my head for a while and figured I'd finally ask it. Let's say you created a youtube channel for the purpose of creating a following & eventually making a profit. A DIY maker type channel...
Navin Kumar
Is 80% ratio between expenses and rent too high ?
Hello,I've a deal that came across my table for which the expenses are 80% of the annual rent. What is the recommendation as per the 50% rule ? Should I avoid deals that have too high ratio of expenses and rent ?Pleas...
Gulliver R.
MHP Repairs and Cap Ex
Attention MHP owners,What are the common repairs and cap ex items that an owner will run into during the life of owning a mobile home park? Assuming no mobile homes are owned - just the land and utilities will be owne...
Caleb Landry
BRRRR and flip income.
Hello,
Quick question about how the IRS looks at 2 types of income in your company.
I have one BRRRR property and now doing a flip on another property.
Does the IRS look at the 2 sets of income completely separatel...