Robert L.
Journal entry question for owner financed note
I sold a house with owner financing. Buyer put a down payment.I am carrying a note for the balance which buyer is making monthly payments. How would you record the journal entries for this type of transaction in cas...
Aaron S.
Co-Ownership and Taxes: Who gets to claim mortgage interest, depreciation etc?
In 2022 I bought a single family home with a VA loan. I house hacked with my partner paying half of the monthly expenses. We also had 2 roommates and we split the rental income from them every month.After a couple of ...
Michael Garofalo
Washington DC Tax Question-Form D-30
Hi everyone,I am an investor in Washington DC, and currently have a single-member LLC that is treated as a disregarded entity for federal tax purposes. My question pertains to local business taxes in Washington DC. I ...
Daniel Miller
Houston Investors! Why is this Self-Storage Facility still on the market?
246 UNIT - STORE 4 CHEAP
6400 Eastex Freeway
Houston, TX 77026
It is currently listed by M&M. I understand that the expressway separates the facility from the traffic flow right in front of it...
Mary Jay
AGI, MAGI, ets-question for accountants
I have couple of question for accountants:1) Is there anywhere on a tax form that calculates your total income?Total income: from everything; from W2 + from rentals, + every other income , without any deductions. Ev...
Mark Beekman
How do they appraise multi-units?
I need a certified bank appraisal in order to get a mortgage ona an 8-unit apartment building. Anyone know how they appraise these? Do they simply appraise it by square footage and location like a single family home ...
Kalyb Coats
Been a while! Wheres my trailer park people.
I found a trailer park......18 spaces ......14 filled.. 2 houses on the property (not habitable) ...All the trailers are owned by the tenants. The spaces are renting for 200 a piece. Its on city water and sewer. I hav...
Katherine Madison
Overcoming DTI
My husband and I are forming our plan for rental property investing. We have the 25% downpayment for the first Single family residence that would allow a mortgage note of $1,050 per month and rent for $1750 and have ...
Dan Milinazzo
DTI & Timing Refi and HELOC
I looked at several prior posts, but did not see one with enough of the same variables. Hopefully someone can weigh in. I hold a primary and a 2-fam rental. I am looking to cash-out refi the 2-fam then pull HELOC fr...
Account Closed
Is it cashflow after tax or before tax?
If i want to calculate cash flow lets say its 1,000/mo but my Principal,interest,taxes,insurance is 500 so cashflow is 500$. But google says "its usually cash flow before tax" so do i include the taxes into my montl...