I am wondering what happens if the expenses towards a rental property exceed the amount you get in rental income, what happens that that excess dollar amount? I am currently house hacking (living in one unit of a dupl...
Hey all, this will be my first post here. I've been lurking around of the forums here lately because there is so much great information.
Really looking to start rehabbing houses, but I have no line of credit because ...
Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...
Hi all - I understand the benefits of cost segregation in year 1 and how you can front load the depreciation of the unit. However, in future years, isn't the depreciation much less? If so, then how can one still maint...
Hello Everyone
My name is Chris I'm from London in the UK & I'm new to investing in the States.
I'm currently trying to get started in the Pre-foreclosure business & I'm hoping to start investing the Tampa ...
Hi,
I am trying to fully understand taxation of rental properties before I make my first purchase. The scenario I'm looking at is a buy-and-hold strategy (100% cash) that would generate a moderate amount of income (...
I had a tenant contact me and tell me that they need a bigger place to live in and ask if I would write a letter of recommendation for them to move. They signed a 12 month lease and have only been there for 4 months....
Hello BP community! I'm a new RE investor located in Seattle, Washington on the Eastside. I'm about 6 months into my RE investing education. Since graduating Cum Laude in Finance from the University of San Diego in De...
Just wanted to see what other’s experiences are with passing on wealth to future generations as tax efficiently as possible (both short and long term)? Can you please give examples of techniques that have worked for y...
In the past when I purchased properties with existing tenants all they do is to sign a simple estoppel letter basically acknowledging the lease terms, the security deposits, advanced rents etc...My attorney has alread...