Good morning! Would it be a good idea to pay for the downpayment on a house that’s less than $100,000 and let my lender cover all the other expenses since I paid for the downpayment and I don’t have to pay them back, ...
I have a deal that I would like some feedback on. This 8 unit is located in a very safe town. However, unemployment here is about 2.5 points higher than the state average. Also, the population here is growing at 14% p...
How much of your profits are eaten up by income taxes on rent paid each year?? I know you get deductions for depreciation, and maintenance but even after that, it seems like any profits would be eaten up and possibly ...
Hi All,
Can anyone recommend reading material (BP articles etc) that covers how I can pay myself each month with my rental property cashflow? More specifically, how do I calculate what I need to set aside for taxes b...
What’s a good rule of thumb to follow when starting a business or owning multiple properties for how much you should set cash aside to go towards the mortgage, expenses, emergencies and paying yourself? Thanks in adva...
So getting ready for the year end taxes and thinking about our 2018 goals has left me with a question. In 2018 we want to have as much borrowing power as possible. This in turn would mean making our business and taxes...
Hey guys I need some help figuring out if this Triplex opportunity is a deal or not. Purchase price: 150,000It’s located in a rapidly growing part of Houston, TX (Independence Heights) with a lot of investor activity....
This might sound like a strange question, but I plan to use my personal cell phone to take applicant phone calls for the LLC (which I currently do for properties that I own in my name). The bill is in my own name, of ...
Hello . I'm just getting started. Currently have one property. I'm wondering how to best maximize taxes while staying legal. --
I know that businesses don't get taxed on their expenses, only the profits. From that sta...
Hi BP!New investor here, looking to get into my first multifamily. I am particularly interested in a small mobile home park. I have found one and thought I would ask if any of you have any input on these numbers. As I...