Cathy Lippert
Pay Real Estate tax on to-be rental before Dec 31?
Hi, Forgive me if the answer was posted somewhere else (could not find it). My husband and I own 4 houses, one of which is our primary residence as of Sept 15, 2016. The one we moved out of is being prepared for ren...
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...
Costin I.
How is rental income taxed?
In my planning for retirement, I estimate my family annual expenses to be about 100K. I want to know how much do I need to clear in rental income to be able to cover that.
Obviously, the depreciation should make the ...
Lucy Bennet
Tax Reporting Question
I'm trying to save on taxes but wondering if this method is correct. Can someone help?I have rehabbed and sold House A in April 2020 and House B in May 2020. I have purchased 2 more houses (House C and House D). Have ...
Tina Opel
Paying yourself "rent" when house hacking
I am house hacking a duplex and have been planning on paying my business the same amount of "rent" that any other tenant would be required to pay but I just thought of it that doing so might not be the best idea. My m...
David Braylark Jr.
Need help evaluating a 6 unit complex in Gainesville, Fl
Hello BiggerPockets community,I am analyzing my first small apartment complex. Here is a quick description:6 Plex located in Gainesville, Florida, C/B on bottom, behind Oaksmall, convenient to UF, malls, and shopping...
Char Bacheh
paying a loan is it deductible
if my business is paying some other business loan interest can it be deductible?
Kyun Ryo
Triplex with 2 owners, one unit owner occupied. What's fair?
So my brother and I bought a triplex last year, with me owning an undivided 2/3 interest and my brother 1/3. We were splitting the aggregated rental income and expenses just fine but now I moved into one of the units...
Michelle Dunlap
Is this a smart thing to do
Im looking at doing a refi on my primary to do down payment and up dating on a rental...once updates complete on rental should rent for 800 leaving 400 a month cashflow...my thoughts are to build up 6 months of rent ...
Kelly Stevens
9-plex for $650000
I'm looking at a 9-plex for $650,000. Current income (with very below market rents) is $52,188 after expenses it is $38,855. I would put down 20% and get a commercial loan at 4.5% amortized to 25 years with a ten ye...