Edward Jones
Tax Question - Another house
I have 2 houses, the mortgage on them is $5k , the first one is a rental and the second is owner occupied but i also rent out the rooms. I want to know about income / debt ratios and tax. I want to buy a 3rd house to ...
Lisa Carpenter
Minimum 3x income - before of after taxes
Should a potential tenants minimum income be 3x the rent, before or after taxes?
Joshua Davies
International Tax Attorney/CPA
Are there any tax attorneys/CPA’s on BP with international experience?
I am setting up an LLC for rental property investing with 2 partners from the UK. I am under the impression that the LLC must withhold 35% as it...
Camille Joos-Visconti
How much to save for PM, repairs, CapEx, Vacancy
Im currently saving 10% of gross rent for property management (altho self managing), 10% vacancy, 10% repairs and 10% CapEx... My actual current rent income is $3413 but when we move out of this unit I'm estimating gr...
Anthony Rondinelli
Rental properties affecting DTI
Hi,If I want to maintain a healthy DTI for a primary residence conventional loan in a couple years, what should I be aware of, or what strategies must I employ? My current W-2 and rental income(4 duplexes in my name) ...
Ryan Keenan
Front end/ back end debt
will income from the owner occupied property that you are vacating and renting out be counted on front end debt or back end debt? Also a rental property that is NOT owner occupied is back end?Thanks!
Drew Slew
NJ Jersey City - rental income tax
Basic tax question if anyone can help for a 2 family in NJ, Jersey City.Tax is around 20%, and rental income is considered capital gains?Lets take example 50k rental income for 12 months,property 7k taxes per year,let...
Sean Starkey
I am low on capital so I am going to become a master at deal analysis
I am low on capital so I am going to work on becoming really good at deal analysis. What do you all use to analyze short term rental deals? I have been using the short term shop calculator and it I like it but how do ...
Alessandro Pascucci
🏦 Income taxes question
Good morning everyone,I have a basic taxes question for you today:Assuming my gross rent income is1000$/ month and based on accurate research I can plan a total of 500$/month of expenses (small repair; big repair; cap...
William C.
Bankruptcy and rent to income ratio
A tenant that applied just filed Chapter 13 Bankruptcy several months ago and has a 600 credit score. His gross income is 4.6 times rent, but he has some after tax deductions (including bankruptcy payments he just...