Do I put my rental properties in the Department of Revenue profile? I currently have my primary address on it and am wondering if I need to add my rental property as a business address or can my business address be my...
Hello,We recently purchased a rental property and created a domestic limited liability LLC (two members - my spouse and I). Title company is asking the EIN/TIN of the entity. Is it better to create a new EIN or is it ...
Purchase price 180k, closing costs about 6k, initial repairs roughly 5k (based on review by my property manager/inspection)Annual income total 39,300 Tenants pay own utilities, roof is about 6 years old, newer boilers...
Hello everyone,
I am new to real estate and I am trying to find my first deal. Besides looking for a deal to wholesale I have an opportunity/problem right within my reach.
Back in Philadelphia where I a...
Hi all,I came across this IRS publication with detailed explanation on to how to treat expenses for your rental property. Including depreciation and including rental of vacation homes. Here is the link https://www.irs...
"The Adventures of Calculating Actual Cash Flow on a Rental Property"
Are you ready to become a landlord, but have no idea how to calculate your actual cash flow? Fear not, dear reader, for I am here to guide you on ...
I want to share something here. If there is still a question whether to raise or lower tax rates, please back it up with facts, or history, please.
This lesson will come in 3 parts.
Harding and Cololidge period
part...
Did everyone see this report from AirDNA? Have you found their analysis and property income estimators to be accurate? One of our local markets is #5 but I think there are other markets in our area that have more pote...
Hello, I am trying to analyze some rental properties in my area. I am trying to figure out the annual Property Taxes for certain properties. I went to http://property.phila.gov/This website shows the Market Value, Tax...
A real estate attorney @ one my REI groups talked about the legalities of wholesaling in Pa and he said that negotiating the sale and simply assigning the contract via back to back closing for a fee is acting as a R.E...