J. Mitchell Bernier
Renting from my LLC for my primary residence
I had an intriguing thought today as I was driving home and was wanting to see if this was possible, let alone legal. Let me start with some background. I live in farming country in South Georgia and one of the things...
Stacy Tring
Investing in someone's primary residence
Cousin A currently lives in one half of their primary residence and rents out the other half.Cousin B has a rental property they want to get rid of by doing a 1031 exchange.If Cousin B buys 50% of Cousin A's house as ...
Chase Cline
Rentals Taxed on Net Income Which Doesn't Include Mortgage?
Hi Everyone - I have 3 STRs and have gotten very serious with looking at the full financial picture on them now that we have a CPA. We just bought the last two in the last 6 months, but have had our first for almost 5...
Josh Corby
Rental Property Expenses
Hey guys! Can someone provide a breakdown off all the expenses involved with managing a rental property. I understand the basic expenses such as PITI. However, I'm struggling when accounting for maintenance costs and ...
Michael Clemson
Emergency Room trip tax deductible?
I hit my head at my own rental this weekend, lacerating my head and taking a trip to the Emergency Room. I'm the proud owner of a few staples now! (No Urgency Care in the area on weekends.) I'll at least have a co-pay...
Joey Gorombey
Handling The Challenges of a Make Or Break Deal
TL;DR -- this deal will see me bankrupt or well on my way to property two. I'll need to raise rent, or kick tenants out and have them immediately replaced. What's the best way you guys did that?
Here's the situatio...
Juan Orozco
How is the cash flow cashed out?
I am new at this investing proses and I’m workin on my first rental property deal. But I’m still a little confused on the cash flow part. I know that the more cash flow the better and it’s based on the monthly income ...
Joseph Key
Taxing non-capital gains?
I bought a rental property for 100k 14 months ago. I put roughly 20k into it in renovation expenses. For discussion, let's just say all other expenses sum to be 10k (interest expense, etc.) for a total of 30k in expen...
William Donaldson
First Potential Investment Property!
I currently live in a college town that was hit pretty hard by speculation and foreclosures. The property I am looking at sold for $125-140k back in '07. The complex is around six years old and in good condition. ...
Anthony Bauman
Multifamily income vs. expenses
Hi!I'm 19 and new to real estate. I was thinking about investing in a multifamily house in New Jersey or Chicago but I found myself with a few questions and I was wondering if anyone could help me :)I was looking for ...