Rich Hupper
Tax deductions and Loan Qualification
Hi EveryoneI am trying to maximize self employed tax deductions while only deducting expenses that can be later be rolled back into my income by lenders. I know it is a balancing act for self employed people. So far I...
Patrick G Ndouniama
12 unit Multiplex deal analysis
Hi Everyone,I have been doing a few rental properties in the past couple of years and I am now interested in investing in a multiplex. I am currently looking at an opportunity in the Lansing, Michigan Market.The multi...
Anthony Drew Gary
Can an account from Audible.com or Amazon's equal be deducted?
I'm curious if anyone has tried to deduct the cost for an account on Audible.com or a similar audiobook database subscription on their taxes? Can you justify that there is enough real estate related content to write ...
Rob Beland
Need help tonight BP. I'm writing an offer for a sandwich lease (I think)
Hey BPers...I need some help tonight. I'm looking at purchasing a SFR from a friend and we discussed two options. The asking price is $85K. Rent is $850/month and the tenant has been there for about three years. Good ...
Alice He
Tax Questions - from the First Time Homebuyer
With tax season around, I'm sure there are others scrambling for answers to their tax benefits. I have interviewed a few tax accountants and have one in mind. But, I'm trying to arm myself with some tax knowledge so I...
Account Closed
Depreciation and Capital Gains on a Primary with rented Bedrooms
I purchased my first SFH home this last year that I have moved into as my primary and I am renting out the extra bedrooms in the house. I have been trying to read exactly how renting out the bedrooms will effect my ta...
Carolyn W.
Is this deal worth pursuing?
Property value after repairs $350,000-$360,000Estimated repairs ($20,000-$30,000) Balance of 1st mtg (Everbank) ($271,985) Balance of 2nd mtg (HUD) ($ 24,482)Cost to cure loans-est ($13,000)Est equity $10,533-$3...
Account Closed
A Little Fun...Who is Most Creative?
Here is your opportunity to show your brains and creative business strategies. Let's have some fun, and see who came come up with the best idea for financing this deal. Dazzle me with your brilliance or baffle me wi...
Daniel Porter
Is an 8.5% Non-Qualified mortgage too high?
Hi y’all. I’m trying to buy my first home in south Dallas. This will be for a house hack and to start building equity every month. I’m not a traditional earner, I’m a self-employed musician, and in order for me to get...
Ray Dixon
Cash Flow Property Numbers
Hello everyone, i found a townhome 3 bed room 3 bath 1 car garage for 78,000. I will pay cash for it so there will be no loans involved. After sitting down and doing the numbers hoa fees, insurance, taxes, I would n...