Joe Pea
Mortgage: file all, some, or no business expenses on tax return?
I'd like to get my first home maybe within a year. While filing my taxes right now, should I file all, some, or none of the my business expenses? I'm curious to know if 1) it is okay to file no expenses, and 2) would ...
Eric Lopez
Estimating Operating Expenses
To my BP family,When I am running my pro forma on a potential investment property, I always get stuck on whether or not my expense numbers are correct. I can accurately estimate utility costs as most util companies ha...
Sharad M.
How do you calculate IRR on a rental property?
Do you assume that you will sell the property after owning it for certain number of years?
Let's say you buy a property with initial cash investment of $50,000 and annual cash flow is $10,000. Now you have no plans t...
Stephanie Feld
Multi-Unit Info on Realtor.com
As I'm scrolling through the multi-family properties on realtor.com in my area, it occasionally breaks down information on the property:Gross Operating Income: $22800NOI: 19680Yearly Operating Income: 24000Other Incom...
Mukesh Yadav
Loss from a Syndication investment
Hi All,
I have a question for those of that are tax savvy. If you have a loss from syndication investment ( the entire project went bust) can you use that loss (from the final K-1) to offset your regular W-2 income ?...
Ken Virzi
Not being able to count rents as income is killing me
My tax guy is good, so he shows my rentals as taking losses with depreciation etc and as a result when I go to get more loans, I cannot count my rental income. Since banks will look at my mortgages but cannot count a...
Mary Jay
Are we obligated to amend a tax return if we missed a tax deduction?
Am I obligated to deduct everything I can?
I thought what I chose to deduct and how I chose to deduct is my choice and my desire?And if we did not take a deduction on something are we obligated to amend the tax re...
Oladimeji Sonibare
Filtering based on demographics
Greetings, All,I'm working on my first investment property, and, from what I've gathered from BP, the first step is to identify my market. Part of that includes assessing the demographics of the city/state I'd like to...
Hermilo Garcia
Due Dilligence
Hello Everyone!I have been looking at some properties lately, and trying to analyze them. I understand that there is a period of due diligence once you get the property under contract, and I was wondering if you guys ...
Jennifer Bramscher
Help me analyze this deal. What is flawed? Thank you!
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