Daniel Rines
Filing rehab expenses for tax returns
I'm preparing to file my taxes as a land lord for the first time and looking for some help. I own a duplex and live on the second floor but plan to move out and rent this floor. Can rehab costs for the second floor ...
Eli K.
Which Expenses are fully deductible on a rental property?
I read many articles saying that you can deduct your property management fee or your repair costs or your insurance cost from your tax on your rental property, are those fully deductible??? Like if the property manage...
Derek Nemec
DSCR loan - rates/lender check pls
Hi there, currently looking into the DSCR (cashout refi) loan products, and I am trying to lean into a lender with the lowest possible rate/cost above all else. Here are some details: LTV approximately 70-75%, 740+ cr...
Dominic York
Reducing Taxes (Tax-Free Wealth) Portland, OR
Anybody know of a Tax Advisor/CPA to help with tax planning? That isn't afraid of helping drastically reduce tax liability, legally? After receiving my 2020 tax bill, and reading this book, I've came to the conclusion...
Ryan Tortorich
Selling agent insisting on dual agency for liability purposes
My brothers and I don't have an agent because we wanted to reduce any expenses (i.e. agent commission) we could since we are just starting out. However, the listing agent is claiming that she "will be held responsible...
Dave Rav
Banks using the pandemic to prevent access to $$
Hey Group. I have noticed some of the larger banks (B of A) are *still* hosting limited lobby hours and business hours. They cite "CDC guidelines" as their reason for this. I have visited multiple B of A branches, ...
Nathan May
Reducing the cost of windows / concrete in Columbus Ohio Flip
Hi all,
I'm working on a flip in the North Linden area in Columbus, Ohio and am trying to reduce cost on windows and a small, 3-step concrete porch connecting the back door with the ground.
My costs for reference:
...
Woojin Joo
how to calculated expected tax savings with first property?
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...
Kevin Connelly
Take 80% rent? Or is there another option?
Question for the community - I have tenants who have generally been easy to work with and have paid on time prior to COVID. However, the couple both work in an industry which has been hit hard by the lockdown restrict...
Samuel M.
Pay Off Loan Sooner?
I bought an out of state property and have about $50,000 left to pay off for the loan. Anyone know if paying 1 huge principle payment at the end of each year would pay it off faster verses bi weekly payments?