John Richards
sold rental in Jan 2017 - taxes?
Hello to all. First, a little background............I live in ID and this past Jan (2017) I sold an income rental property that was located in NV. I originally bought the house in Oct.2008 and paid cash ($98k), in ful...
Jorge Arias
How to use real estate to reduce W2 taxes?
My wife and I make ~$500k/yr. I'm an software engineer on W2 and she started as real estate agent about 2yrs ago. We are looking for ways to reduce taxes on the W2. We currently do not own any rental properties. We di...
Rudy Manna
Looking to buy rental in Tacoma, wa
I am from Seattle are and just got my first rental on market. Here on, I am looking to build a solid buy and hold rental portfolio.I was thinking of buying a SFH in 100k range in Tacoma area. Tacoma has some of the lo...
Scott Roelofs
Multi-Family Valuation and Depreciation Expense
We attended an event that had renowned author, podcaster, and 2000 plus door owner, Rod Khleif. During his presentation, he made a point of why multi-family was so exciting that caught my ear. He spoke about the valua...
Christopher "Bear" DeSanctis
DSCR Ratio - how is NOI estimated
Considering that DSCR = NOI / Debt Service and NOI = Gross income less operating expensesWhen institutions are looking at operating expenses for a new purchase, how are they calculated? For example, if we know the g...
Rick S.
Tenant Prospect
I have a tenant prospect (family of 4) that need to rent my place out for 8 months because renovating their current home. After the 8 month term, the lease will go month to month until they move out.
During the sc...
Hannah Potter
When to hire a CPA?
At what point in your RE Investing journey did you hire a CPA to do your taxes? At one rental? At ten rentals? After creating a business? Trying to determine how much longer I should do my own taxes. Thanks!
Account Closed
Change in capital gains tax
Haven't heard much about the change in capital gains tax. Will it affect income property, or just owner occupied?
If Cap Gains on income property is eliminated, does that mean I would not have to pay tax on the sale ...
Justin Brickman
Texas Property Taxes
Greg Abbott’s $18 billion tax cut package for Texas homeowners came into force on Monday, but many residents complained to Newsweek that they are still facing impossibly high taxes on their homes.
Property Taxes by t...
Bill Krenz
Flipping Houses in a Self Dircted IRA
I’m looking to flip some house with my self directed Ira. I will loan the money from a private lender through my self directed account. Seeing what the proper way to set it as for ubit tax if that applies and how peop...