Steve Maye
Question about depreciation and Prop Analysis Worksheet
I am new. I have been working with the Property Analysis Worksheet and have a question about depreciation. Depreciation is the amount we can claim as a loss each year against our profit. If the property real...
Kathryne Omaits
Real Estate Proceeds on Negotiation
Hi all, wanted to ask, when a real estate property I'm purchasing... using a realtor in this one... has a binding contract and after the inspection was able to further negotiate the price down, is it better to take th...
Michael Koch
via the BRRRR, are rehab costs an expense but refi just a loan?
After my first year of doing a couple BRRRRs, I'm trying to wrap my head around the money we pull out via refi. Is it accurate to say that the money put into the rehab considered an expense (i.e. painting, new fixture...
Robert Huizar
Created 2nd LLC, whats the proper way to fund this? (Details)
California LLC. Business established Jan 2018. My partner and I started off by forming an LLC but quickly learned that we should probably have a passive and an active income LLC. We have already poured our funding ...
Denis Davidyuk
Income tax on rental
Does the 50% rule account for income tax? How is rental income taxed? If a houses produces $1000/month does a set percentage of that 1000 get taxed?
Jarrod Sigsby
Tax-free liquidation of LLC?
Currently 1/3'rd owner in 4 LLCs that each hold a separate single family residence rental. The 4 LLCs are subsidiary LLCs to a parent LLC. If we sell one of the houses is that considered a distribution and we have to...
Robert Brisley
Renting primary residence & buying duplex via FHA loan
I estimate I could rent for approx $1600/month in my market. Here are my options...I could sell this property and make approximately $40k right now (lived here for 2.5 years) or rent it out and sell later. below are n...
Kris Kelley
New Investor 2023 STL
Hey my name is Kris Kelley Im a brand new investor and I am 22! I am in the St. louis market right now reading and analyzing everyday. Id love to connect with anyone in STL or even out of STL really, Im invtroverted b...
Miranda M.
Buying a house in 2017 - Taxes
ADVISE: I made $120,000 in 2017 and was planning to buy a house to decrease taxes. My CPA told me if I buy a home now, I'll only get a tax break for Nov and Dec. Is that the case? If so, I have $100,000 in cash I can ...
Ryan Deasy
Rental Property Draws
Hi everyone, For those of you that take draws or distributions from your rental property's income, how do you normally calculate it? Do you process it as, say, 10% of gross rents for the month or quarter?Or, do you do...