Aaron Murphy
Schedule E tax question
I am looking for some help to clarify the way that income reported on my taxes will affect my debt to income ratio? It is my goal to minimize my income as much as possible using legitimate expenses and depreciation e...
Mike Whitaker
Tax deductions for losses within my LLC
Hello everyone, been lurking for a while now. Now I have a question, hopefully in the future I'll be able to add to this forum.
I formed an LLC last January, bought a house to fix and flip in July (could my timing ha...
Babu Byrapuneni
Rental balance sheet
Hi, I'm working on the balance sheet for my rental (multi-member LLC) and need help. Rental bought in 2023 and initial return.For assets - Cash, depreciable assets less accum deprn, landFor liabilities - Open credit c...
Woojin Joo
how to calculated expected tax savings with first property?
How much tax savings can be expected with my first investment property? How can I do the calculations myself? I pay a lot in taxes in my W2 job, and would like to know how much can be offset.Does the math change signi...
Justin Ash
Failing to plan is planning to fail...
Fact.The US government is totally bankrupt, Social Security is running out of money, and that the Federal Reserve is rapidly engineering its own insolvency.How do we find value to soften the impact?How do we make bett...
CherTong Her
House Hacking, Only if I live for free?
I'm looking to house hack, but everywhere I'm seeing typically says I need to cash flow in order to "successfully" house hack. Do I absolutely need to pay zero dollars for all my expenses to "successfully" house hack ...
Corey Demuth
landlord taxes - help me understand the benefits please!
I keep reading about how there are so many benefits to being a landlord, because you can reduce your income taxes and such...
Can anyone please explain how it works? Like a basic overview? I have heard people talk ab...
Evan O'Brien
Calcualating Rental Income from STR’s
When you’re calculating the potential rental income for a STR property is there a specific approach to take? Recently I’ve tried estimating daily rates to charge for STR’s using the enemy method (estimating the daily ...
Lucas Allmon
LA house hack and equity vs holding out for the deal
👋 I live in LA and I know this market is a different beast. Currently I live in a great location with a a low market rental price, but I am renting. My wife and I are starting to dig around for deals, though it seems ...
Rudy Manna
Looking to buy rental in Tacoma, wa
I am from Seattle are and just got my first rental on market. Here on, I am looking to build a solid buy and hold rental portfolio.I was thinking of buying a SFH in 100k range in Tacoma area. Tacoma has some of the lo...