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...
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...
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...
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...
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...
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...
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...
Kirk B
Dirty Little Secret?
I am trying to find a study with data on the operating expense ratio for residential real estate, and hopefully something that applies to my area. I want to use the data to prove this ratio to my real estate agent. He...