Justin Summers
Question on Properties bought and Held but not Rented
I bought several properties at tax sale in 2022 and I'm doing my taxes now. The properties are unlivable and have not been rented and are not offered for rent. They are just sitting. I do have costs incurred maintain...
Derron Taqee
Was Kiyoski right when he said a business owner can pay themselves first and the gov taxes whatever is left?
So I just finished reading Robert Kiyosaki's Rich Dad Poor Dad and he stated something about how business owners pay taxes vs how 9 to 5ers pay taxes. He says 9 to 5ers pay the gov first in taxes and they get whate...
Maurice B.
My first Potential deal (5 units) need help with numbers
Good evening,I have been listening to podcast, reading, and analysis deals and have had some up and downs. I finally felt confident to put offers on deals. I started with a Triplex then Quadplex but on both deals the ...
Mark Gruetzmacher
Your thoughts-8plex
Hey guys, just was looking for your thoughts on this property. It is outside of my local area about 50 miles.8 Unit Apartment Project constructed in 1979. The Building consists of 7-2 bedroom units and one ADA access...
Nick Akey
Should I include income tax when comparing rental properties?
I want to calculate the potential monthly income that I would receive from buying and renting properties.Example: If the income is $250 a month - should I reduce that number according to my income tax rate?OR is it st...
Ryan Matt
Mutli family cap Rates and Valuation
I am looking at a 15 unit multi family. All units are 1/1 around 500 sqft. Income is 81,000 per year with expenses of 20,000 per year. Looking for insights on what to offer for a purchase price since this is an off ma...
Nate Anderson
5 Utility Considerations Every Multifamily Investor Should Know
An often overlook discussion of multifamily investing are utilities. While the topic may not be top of mind among most investors having a plan reading them could mean the difference between added income or incurring u...
Dan Shelhamer
How does cashflow get taxed?
So I just closed on my 1st SFR last week, and am hoping to have a tenant in by June 1st. A couple questions I have.I was going to set up my LLC within a couple months as I plan to grow this into a full time business ...
Angie Provo
Advice on Multiple LLCs for tax strategy?
I recently attended a seminar where the speaker was talking about the various real estate businesses he owns so that he can move expenses around, thus reducing taxable income dramatically. So for example, one business...
Griffin Malcolm
Are Solar Panels Worth It?
Hey team, question on solar panels and their impact on resale value. Essentially, is it worth it? I had a consultation with a solar panel salesman today and he quoted me 29k for 18 panels, however the final price woul...