I now own a rental property in MA and reside out of state. My question for anyone who might be familiar with this situation is if I will owe MA personal income tax (or any other state tax) on this income?According to ...
My investment partner and I will own a sfr property soon. it will be in an LLC owned by both of us. We will split the rental income equally. however the ten percent we budgeted for property management will go to me si...
Hello,I am in the process of acquiring more property for passive cashflow. The more I think about it, I am leaning towards doing owner financing instead of a rental because it may be more beneficial, but want to be mo...
Aloha BP, I've read that lenders require at least 2 years of collecting rental income before it can be considered income but does this 2 year clock start for each investment property or only for the first one? For exa...
Just curious about investing, I'm working on buying my first investment property (rental). My question is, what is a normal return that you want to see on a rental property?? $100? $500?/Mo
Hello all- I’m under contract to purchase a SFR investment property in the Northwind subdivision (Vickars/ Montarbor). It’s a 3 bed 2.5 bath, 1500 sq ft finished (+ 450 unfinished basement for total of 1950 sq ft)) ...
Estimating rental income is something that I am struggling with when analyzing deals. Any tips on estimating rental income? So far i have been using rentometer and craigslist for listings of similar properties for ren...
Is claiming foreign rental income on taxes much different than rental income domestically in the US? I couldn't find much about the topic on biggerpockets. I spoke with a CPA at a firm with a good reputation who was n...
Good morning BP crew! I am curious to know if anyone has recommendations regarding which tools to use for estimating rental rates for investment properties. I am new to the game, and trying to figure out what set of t...
Hello All, I am just starting an eviction process. Do I need to show the rental income on my taxes or anything like this or even if the case goes to court etc? (Not trying to hide income but just wondering if I need t...