Ty Ramjohn
Is this a good deal for a firts time owner occupied duplex?
I'm looking at buying my first owner occupied duplex/rental property.Comps = Median Price $149,000.00Duplex 1bld. 2units. 2bd / 2bth 13yrs. old Living area 1,800sqftList Price: $214,000Annual Gross Income: 20,400Annua...
Jason Vaughn
New investor with questions on a deal. Am I missing something?
Sorry from all Caps but #'s from seller. INCOMEUNITS YEARLY RENTS 15 units @ 7185 mo 86,220VA...
Sydney Sigue
Where to put rent money?
I have a primary residence mortgage, I live in part of my property and rent the other parts. I have a regular 9 to 5 job where I get a direct deposit to my checking account. Should I deposit my rent money in the same ...
Bram Spiero
Taxable income and expenses
Listening to the latest podcast with Natali Morris got me confused about what is considered taxable income from real estate and how the legal entity influences this.She claimed that if I hold an investment property in...
Brian Jasinski
Trust Related Tax Question
Question regarding a property held in a irrevocable trust.Home value is $750K, owned outright by the trust - no mortgage.A family member lives in the house, no rent is charged.Meanwhile, the trust is paying for the ma...
Brandon Heimsoth
Supplies vs Assets vs Repairs vs Maintenance
I've asked a similar question before but need further direction. In years past, I gave descriptions of expenses to my accountant and they figured it out for me. This past year, they charged me for the categorization...
Craig Osterloh
50% Rule and $100 Cash Flow
I guess my question is how accurate do you find the 50% expense rule?
If you gross rents are $2500, a margin of error of 10% on your expenses would result in a $125 difference in cash flow. This might result accepti...
Josh Edelman
do you make tenants pay HOA?
before I buy a property I want to make sure I run my expense calculations correct. this place has a monthly HOA and a zonal quarterly fee. Do I make the tenant pay for these as part of rent? (ie rent is $1500 and thes...
Eric Traboulay
Pay off house early or Invest $$ in 7% fund?
Hi Everyone,I'm looking for some advice (Pros/Cons) whether I should invest my extra income into a savings vehicle that will essentially guarantee me a 7% return annually or if I should put the extra money to paying d...
Susan O.
Going from Sole-Proprietor/Landlord to S-corp for self managing
I'm currently reorganizing and restructuring my rentals from being a sole-proprietor landlord to having an S-corp for managing properties.I just set up S-corp for managin the properties January 2017. It's $800 per ye...