Lawrence Lloyd paclob
How to determine the price you pay for taxes and other expenses
Hello BP,I would like to ask some newbie questions, *Is there a typical percentage you pay on taxes for the profits you make from your rentals? If so, how would I determine how much I will be paying in taxes to budget...
Michael Ratzken
Land Questions
Hello Everyone,I have been working mostly in residential real estate for the last 5 years in the phx area the other day I had a client call me to sell some land that they had bought many years before. Ive been having ...
Linda West
Kinda Newbie Questions -- Which of My Children Should I Sell?
Help, hive mind. I've been lurking and learning. Now I need to sell a property, and I'm stuck. Some kind of math/logic fear. Here goes: I invest in the Bay Area and San Diego metro area. I run my property taxes us...
Steve S.
Tax question on rental income
I'm trying to get a better understanding of how much of my rental profit I may be able to keep. If my AGI is $150,000 and my rental profit is $24,000 for the year, after paying the PITI and expenses, in a rough estim...
Terry Bernard Lanier
Carrying Cost, who do I contact to calculate carrying cost?
I am flipping my first property and wondering how do I obtain, contact, and calculate my carrying cost before I present my numbers to the lender. Do I call the different companies first? If so, how do I find that info...
Carrie Penney
Buying my Mom's House/Tax Question/Tenant Problem
This is a little complicated to explain, but I'll try my best! My mom has gotten behind on her property taxes and her house (fully paid off) was set to go to auction on Tuesday, March 6.We (fiance and I) have just ove...
Charles Willie Harris
Would YOU consider this deal?
So my 18-year-old nephew is the one that got me into real estate. He's been doing this for about a year and he's already done a few flips and deals (as opposed to me, who's only been doing this for two weeks).
Anyway...
Jeremy A.
To take a loss? Break even? Or take a profit? -Come tax time
Hello everyone, I fully understand that every situation is different because of personal income, rental income, differing states/taxes and even marital status plays a roll. I believe that I have a strong grasp on taxe...
Account Closed
Schedule E Red Flags
Hi,I looked on my returns this year on my schedule E and on one of my rentals my CPA didn’t put an amount in my utilities section. Would that be a red flag for the IRS for audit? The building is a multi family 6 unit....
Shlomi Mor
4 plex Multifamily analyzing deal
Hi guys
I am looking to purchase my first Multifamily this would be a first deal in real estate
I found with my broker a property I am thinking maybe a good deal but I would like your thoughts on it .
4 unit Mul...