Madhur Dhawan
Buying a property as a sole prop
I want to know if it makes sense to buy a rental property as a sole prop, would it help me when i file taxes as i may be under loss based on income from property may be less than expenses
Madhur Dhawan
Buying a property as a sole prop
I want to know if it makes sense to buy a rental property as a sole prop, would it help me when i file taxes as i may be under loss based on income from property may be less than expenses
Gisa Bauschke
Workers compensation when hiring a sole proprietor
Folks,
I recently stumbled on a somewhat ridiculous dilemma and I am hoping that this forum may give me some advice. We have been investing in Boston/ Cambridge area for a few years now and it has been a gratify...
NIcholas Hamel
Does Velocity Banking work????
Hey everyone ive been hearing about and researching VELOCITY BANKING alot lately. Seems too good to be true. Any of you experts have experience in this field and can confirm or deny? Thanks everyone!Nick
Matthew Mucker
Where does the 50% rule come from?
I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
Philip Johnson
Loan says I got 48 "Debt to income" ratio, what he talking about?
Hi,I have 5 flip-to-rent properties, and i have a day job as well ... I just refinanced a property and my loan officer said I have a "high debt to income ratio of 48" What does that mean? How do I get this down? I am ...
Marian Smith
Why hiring a PM is CRAZY!
Just thought I’d write a few words as a counterpoint to the trending post.I own and self-manage 5 properties. I have had rent collection issues but never had to evict anyone, nor have I lost even a month’s rent. But...
Chingju Hu
Is it weird to buy rental properties instead of primary residence
Hi all, I'm a new member here, I've been wanting to own rental properties for a while and finally, I pulled the trigger and now in the process of my first rental!! After I sign the contract, I feel like I'm getting cl...
David Maldonado
California ADU business
What's up guys,I just finished building a permitted ADU (accessory dwelling unit) on my sfh. Converted my garage into a 488 sq ft 1cbed 1 bath apartment. final cost with permits was about 37k. I built most of it with ...
Kevin S.
What to do with $1,000,000.00?
I wonder what do someone approaching retirement do with $1,000,000.00? Buy a single property with cash and have about $65,000/yr in cash flow or use it for DP on a $4,000,000.00 property? Would the cash flow be the ...