Brian Hunsaker
Wondering how to minimize taxes owed to IRS from rental properties
We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k. Currently the tenants pay us directly to our bank accounts. Would we owe less if we set up...
Viktor Singh
Self Managing property Tax implications
Hi all,I want to manage my investment property myself and wanted to know how to handle taxes. In the past, I have the used a property manager, and gotten a W9, but how should i do it myself ? Do i need to use some sof...
Adam Camacho
First Investment Property (Duplex)
All,I would like for your feedback on the following offer. This duplex will be my first investment property and scared to make a bad deal that will follow me for years. I'm confused about the Monthly cash flow. Is it ...
Mark Douglas
Quadplex Analysis
Hey BP!Considering my 1st purchase... I ran it through the BP rental calc and it cash flowed $28... I'm hoping I did something wrong!Anyway, what do you think??? Here are the numbers:Property - FHA Owner-occ QuadP...
Daniel Lynch
Should I charge my Girlfriend rent?
So in the next few months I plan to buy my first duplex! I plan to house hack; rent out one side and live In the other. While running the numbers a thought crossed my mind about my girlfriend paying rent. Here’s the t...
Jonathan D.
Multiple LLCs and Handling Loans/expenses
Hi All,My partner and I have started our businesses flipping homes. We have our main LLC (call it LLC-1) and then each property we purchase and flip gets their own LLC (for risk reasons). We have a general loan for al...
Mickey Harrison
opinions on this deal I'm thinking about
Opinions or suggestions on this deal
Duplex for sale 110k completely remodeled 6 years ago still in great shape . One tenant in place paying 650 and all utilities. Rents could be from 650-700 maybe 750 if decided to...
Brandon R
Seller Financing????
Hello Everyone,
I have been searching and searching for investing advice and finally I found this forum.. I am so excited. :D
I have been investing for a little over a year now and have purchased 6 properties. I...
Kevin Wiltz
Real Estate Business Accounting Software?
Can anyone recommend an accounting/bookkeeping software that's not too expensive? Currently I just use excel since I don't have an extremely tedious amount of expenses at the moment, but since I'm getting ready to ge...
Jacob Butler
Multi family or single family
I plan on using a VA loan to buy my first (of hopefully many) house soon, I want to turn this property into an investment property after about a year residing inside it, should i be more focused on just getting the be...