Happy Sunday BP community! I am currently working towards my first small, multi-family investment (5-10 units) and would like to use a Self-Directed IRA for this first property. As I compare fee schedules between se...
Hello BP family,I am new to the real estate investing world and to the BP community.I, like many people am interested in the thought/ possibilities of real estate investing but don't much cash to invest with.I have be...
Those of you who are in the cities where Airbnb withholds TOT know that the tax applies to cleaning fees as well. That line by itself can be $700 per year for an average property in coastal Southern California. It's u...
Did that get your attention? HAHA. So I'm doing a 1031. A few of them actually. I have sold the "selling property" and have closed on one of the replacement properties. I have 3 total replacements On the first I incre...
Does anyone know what the taxes would be if the assignment fee is $5k? I haven't opened a business entity yet. Thanks
Hello! What are the tax implications of an individual deeding the title of a property to a partnership or corporation? Specifically, if the title to a property is in my name and I deed it to an LLC (setup as a partn...
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 ...
OK apologies in advance if this is a dumb question, but I'm not quite getting it. Background, this is my first rental, manage and maintain it myself. In Wilmington, NC. Small 3br/2ba. Total payment is $794 and rents ...
How much tax savings can be expected with my first investment property? How can I do the calculations myself? I pay a lot in taxes in my W2 job, and would like to know how much can be offset.Does the math change signi...
Are non refundable pet deposit taxable income for my rental properties?