Alyxandria Welch
New investor looking for advice on IRA
Hello everyone,I have a bit of money in an IRA right now that I would like to eventually use towards the purchase of a rental property. I am looking for advice from other investors who have used their IRA money. What ...
JaNae Anderson
Help! Lender says DTI is too high.
Frustrated. My situation is a little complicated but i'll try to provide as much detailed information as possible. I'm looking to purchase a off the market duplex for $400k. Each unit can potentially rent for $1,600-$...
Carlos Santiago
Question on expense accounting
I'm working a rehab. I have a rehab loan -- so the mortgage is for the house + approx. $24K in rehab money.
For my accounting - how do I account for repairs being paid for? I'm writing the check and getting the r...
Ryan Prange
What Business Structure to choose?
hello everyone, over the past couple of years we have purchased two single-family homes and also built a guest house on our property. I now have three tenants and I lease part of one of the properties back to my busin...
Account Closed
Capital gains taxes on a flip - state vs federal
Hello!While building a financial model, I realized how mediocre my understanding of taxes are.Assuming a flip is done in less than a year - so short term capital gains - what are the taxes to account for?My current as...
Nick Matteson
Do you count the principal paydown portion of the mortgage payment as an 'expense' or 'income' or 'neutral' in your cash-flow analysis?
Isn't it just cash directly into your net worth?
When everyone talks about clearing $100 a month for their rentals are they counting principal paydown as part of income or expense?
Avi Srimani
Advise requested
Hi,
I am looking at a four plex. I asked for Schedule E. I got for three years.
Last year shows as follows:
Rental Income : 20,000
Rental Expense 20,600
Depreciation 6000
Rental Loss 6000
Last three year the fi...
Sara Kirkpatrick
Sitting on equity on primary residence
My husband and I own our primary home outright, it is not in our LLC where we hold our rental homes.We had the local bank do an in house appraisal and it came back about much higher than we anticipated.I asked our acc...
Sandy Sawyer
Can flipping within ROTH SDIRA LLC trigger UBIT?
My idea is to avoid capital gains tax by flipping within the ROTH IRA while avoiding the transaction fees by managing the LLC myself. My questions are 1) What is Unrelated Business Income Tax as it relates to this? 2)...
Account Closed
Roth IRA/401K Question
Hello BP, I just wanted to see how many of you utilize retirement accounts like the Roth IRA or the 401K or is Real Estate is the only retirement avenue you guys use. Thank you. Ruslan