Can I deduct my rehab expenses from my 1099 wage earned at work, to offset my high income? I make 93$/hr (193K a year) on my 1099 and my wife makes around 95000 a year salary. I also purchased a rental home and I am g...
Hey there,
When forecasting a return for a corporate investment structure, do you subtract state and federal taxes from your ROI calculations? *** I ask as it doesn't seem that the BP deal calculators factor in state...
Hi All, Can you look at the numbers below. I think the numbers make sense. 6 Flat B Area. Gross annual rental income $68,400Net Operating Income $25,500Cap Rate 6%P&...
I have 2 rental properties, Texas and Georgia. I sold one in GA in 2018 (which we purchased in 2007) and didn't do 1031 Exch. Now, the depreciation hit me back as gain when doing the tax report. However, I reviewed th...
We have an opportunity to refinance our home and cash out enough to pay off one of our rentals. By doing this we will lower our monthly payment by 450/mo OR if we make the same payments we can reduce our total cost o...
Hi everyone! Is it a good idea to cash out refinance my free and clear rental properties for about 70-80% LTV, and use the cash to buy my next primary home? The purpose is to lessen equity in rental properties, take a...
Hey BP community. My parents are retired and on a fixed income. They have a small mortgage on their home that is worth about $225K. I’m looking for a creative way to provide them with some cash flow, maybe via seller...
I've done a little bit of research and am curious to see if anyone can offer any genrealities or concepts that they use to drive their effective tax rates as low as has been reported.
The tax code is the same for al...
Hello,I am a new investor and would love to get feedback from this forum regarding this deal I came across. Below are the details.According to the spreadsheet I am using this seems like a good deal. My taxes estimates...
I took part in a deal in South Florida where the seller financed his home at a steep discount to the appraisal value, in exchange for the right to live there for a few more years. The purchase price will be paid in an...