Jeff Piscioniere
Figuring taxes on Airbnb income
Hello all and thank you in advance for any help and info you might offer. My wife and I are new overnight vacation rental owners of a cabin in Gatlinburg, TN. We just closed out our first month of rental (June) and ...
Nelson Leal
State, county, city income tax
Hello BP,
I currently live in Florida and have 1 rental property. I joined BP about 1 1/2 months ago and just signed a contract to close on a sfh in Houston, TX pretty excited about that.
Now I'm looking at a couple...
Bryan Proffitt
How is rental income taxed?
Going to close on my first investment and looking to get some good insight on how rental income is taxed and how to offset taxes as much as possible. Rent will be going to pay back LOC, to reuse and possibly use again...
Pete Tallerico
Income tax on rental properties
Hi everyone! As a total newbie, I'm trying to figure out this game and am confused about how much and when do you have to pay income tax on a rental property. If I collect $1000 in gross monthly rent, that's $12,000...
Gidon Eichhorn
Multi family properties - income tax
Hi everyone I’m researching taxes on income tax for a rental portfolio. I see opportunities for a 200k multifamily which equates to 1300 a month mortgage/property tax. The rent for one of these in the same area is aro...
Mike Weiner
Calculating CoC Post Income Tax
Hi All,I am currently having a debate with my partner regarding cash on cash targets. Currently we are targeting 20% cash on cash returns after mortgage. Our previous experience has been with SFH and we find 15%-20% a...
Shuo Li
How to minimize income tax?
Hello BiggerPockets.I'm pretty new to the real estate investing business. I do not currently own any properties. My aim in to obtain 2 rental properties in the next 12 months, and scale up as I go alone.The issue (a g...
Sai Medavarapu
Tax on primary residence income
So, i have a primary residence home(owner occupied) which I rented out room by room. 60% of the income generated from the rents was used as expenses and I have receipts for those. Can I show those expenses as write off?
Rao V.
Tax liability from rental income
Hi,What will be the approximate tax liability if I have the following situation?1- Rental income from house #1 = $12,000 Mortgage paid = $90002- Rental income from house #2 = $4000 Mortgage paid = $3000Assume I ...
Account Closed
Income tax when assessing deals?
When initially assessing a deal, how should I account for income tax on the rental income? Without an accurate number for write-offs I'm having trouble putting any faith in my calculated ROIs.Thanks!