Julio Gonzalez
Multi-Family Properties and How to Maximize Returns
Passive Activity Loss Rules
If you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial. Passive activity losses are those ...
Account Closed
Taxes for LLC with paid-off properties
Hello, I wanted to get an idea of what the end-of-year taxes are like for LLCs that own properties. Specifically for this scenario...We expect to pay off my parents' home by early 2017. My plan is to establish an LLC ...
Matthew Metros
50% Rule: Does this apply to Small MF (2-4 Units)
I am underwriting a deal and the marketing package has unrealistically low expenses. As a rule of thumb, I applied the 50% rule to meet reasonable
I was told by another investor that small MF doesn’t have 50% expens...
Lucas Rowell
Utilizing property to reduce taxable income
Hello and Good evening BP Brothers & Sisters.
Tonight I wanted to post a question I have been thinking a lot about lately. "How could an investor best utilize property to lower taxable income"?
We currently own...
Jose Almonte
Who pays utilities?
So looking into single family homes in the $400K range. Assuming $150K downpayment the mortgage payment comes out to $2300 rounded. Property tax is usually around $6300 a year rounded. $525 a month. Zillow rent estima...
David Lauka
Cleveland SFR Water and Sewer Bills
Hello BP!I am considering purchasing a few SFR's in the greater Cleveland area (Euclid) and I've been made aware that the owner is responsible for paying the water and sewer bill. I was hoping to hear how some other ...
Mike B.
I converted a planned flip to a rental late 2014, tax consequenses?
Hi All,First off, I will consult my tax professional before doing anything. I am looking for the 10,000 foot summary to get my mind around what I will be looking at when its time to tackle this.I bought a fix and fli...
Thomas William Hileman
"Use Tax" for Short Term Rental Properties
Hello! Ive recently begun using Hostaway to manage the multiple listing channels we currently utilize. Due to this, we can now receive directing bookings. Additionally, we now use "stripe" to handle payments through...
Patrick Thomas Mc Manus
What tax percentage should I factor into my equation?
Good morning dear BP members,
I am analyzing the below rental property deal in Florida:
Purchase Price : $ 50,000 (including closing, cleanup & rehab costs)
Amount Invested : $ 10,0...
Jacob Seim
Cincinnati, OH Fixed Landlord-Paid Expenses
Hello community.
I'm getting more and more comfortable running property analysis' using the BiggerPockets Rental Property Calculator. My wife and I plan to buy a duplex/triples this Spring and house hack on the East...