Robert Perkins
Rental Capitol Gains Taxes
Good Morning Bigger Pockets Faithfuls!I found a great multiy family rental, it has 7 total units and I think I can get it at the right price. My remaining issue is the tax implications of owning the property, I have t...
Brady Pasemann
Should I pay off my rental, refinance and hold cash or other?
Hello all,I finally bought my first rental with cash and my HELOC. I am very excited, fixed it up and had it on the market to rent...now with the corona virus, I am trying to figure out the best option is with it. C...
Forrest Shealy
Multi-family that lacks documentation
I have only done SF in B neighborhoods until now. I am looking at a 10 unit in a C- neighborhood. The price is great. The numbers the current owner is giving me are good enough to leave some margin for error, and ther...
Ace A.
Rental Properties in a RothIRA?
Has anyone tried to put a rental property in a RothIRA?
For a RothIRA, my understanding is that your could put cash, stocks, mutual funds, bonds, real estate, as well as others assets.
With a RothIRA, you pay taxes o...
Lauren Akins
Analyzing properties and can't make sense of some numbers
Hey everyone! I am a rookie when it comes to real estate investing and Excel. I was thankful that someone was willing to share their spreadsheet with me via the Bigger Pockets Facebook group. I am currently looking at...
Dustan Marshall
creating and paying your own LLC
after listening to last weeks podcast and read in about investors of buy and hold properties, that create a property management LLC and use the LLC for their properties... it got me thinking.
I liked the idea...
Jimmy NA
Verify Rents before Purchase? What to do with realtives?
1) I have a 6 unit property I may make an Offer on. The landlord had leases but all the leaes have long expired. So, technically they are Tenants at Will or "month to month." How do I verify the "real" rents? The o...
Larry Watson
Should you let a tenant manage apartments they live in?
I am considering purchasing an apartment with 28 units. When I ask for the expenses under managemnet fees was $0. When I inquired they said they let a tenant manage everything including changing the filters, looking a...
Barry Craig
Deal or no Deal
20 Unit Brick Apartment, Pitched Roof (new x 5 years)
Separate metered utilities (owner pays none)
All electric central air/heat
No Vacancy, waiting list to get in
Debt service: Asking 750,000 Get for 680,000
680,...
Andrew Giunta
How much do some expenses matter if you can write them off?
I could be wrong because the US tax code is very confusing, but how much do certain expenses like property tax, or property management fees matter if you can write them off? Im not sure if there is some sort of cap, b...