I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...
Dear lenders and those in the know!Will bonus depreciation/Cost Seg/RE Pro election hurt my DTI?I am going to massively reduce my tax burden when filing 2018 by aggressively utilizing cost seg+bonus depreciation+elect...
Hi All,I understand that there are great tax benefits/write offs as it relates to the purchases you have made towards your rental property like depreciation, maintenance fees etc...My question is...Are there any tax b...
I will be paying cash. He will live in the house alone. I will be paying the tax and insurance. Hopefully he will be able to reimburse me for my expense by making monthly payments to me. I am unsure whether I should r...
If you are living in one of your multi-family units, and want to pay less than market rent, it will reduce your cash on cash return. Just wondering what others consider when deciding what to contribute to the propert...
We attended an event that had renowned author, podcaster, and 2000 plus door owner, Rod Khleif. During his presentation, he made a point of why multi-family was so exciting that caught my ear. He spoke about the valua...
If you do some maintenances on your rental property, such as fixing a clogged toilet, replacing a broken door, etc., can you count your own labor as expenses?
Thanks
I have a rental in Oregon, and so far we have never seen a profit, at all. The rent doesn't cover the montly payment, but we have incredible renters that always pay, always do the work, keep it nice and have been in ...
Recently my tenant received a very huge water bill due to a busted pipe under the slab. There were no visible signs of leak above the ground. I got the whole house re-piped and intend to cover the excess usage due t...
I have spent a lot of time on this area in the last few years. We manage larger apartment communities that range from C to A class market rate apartment or mixed use buildings with most properties being over 50 unit...