Phil T.
Where do you keep your reserves?
I'm working on buying my first buy and hold and am trying to figure out the best way to work bank the accounts. I plan on creating a checking and a linked savings account specifically for RE. I was figuring I'd have...
Brian Naley
Irving,TX Multi-Family
I need help evaluating this property. I seems like it's a pretty good deal but I'd like some experts opinions and help completing this deal if it makes sense. The owner is going into foreclosure so owner financing is ...
Dilini Sundaram
RE needed to bring tax bill to zero
Is there a calculation to determine how much Real Estate you need to buy to bring your tax liability to zero? For simplicity's sake, we can just use straight line depreciation.
Ben Skowronek
FHA down payment requirements for lease option
I've heard FHA loans typically require a 3-1/2% down payment. I'm currently in a lease option agreement with my landlord. When I secure an FHA loan, will I need to bring 3-1/2% to the table? Or will the $41,000 paid t...
Nick Akey
Should I include income tax when comparing rental properties?
I want to calculate the potential monthly income that I would receive from buying and renting properties.Example: If the income is $250 a month - should I reduce that number according to my income tax rate?OR is it st...
Molly Plude
During inspection process
Hello BP family, I need your help. We're in a process of closing our 1st deal on condo. Going through an inspection right now and our inspector tells us the a.c. unit is about to have it and it's the end of its life, ...
Brian C.
Fix & Flips Tax Strategies - Am I missing anything??
My two partners and I recently formed an S Corporation with the goal of generating cash flow from fix & flips so we can reinvest the profits into long-term rentals. We decided on an S Corp so we could reduce SE ta...
Hannah Leas
Capital Gains Tax Help on Primary Residence
Hey Bigger Pockets Network,I purchased a home (first home and primary residence) in August 2016 for $135,000. I put in about $10,000 of renovations. This home was located in Vancouver, WA.In July 2017 I sold the home ...
Annie Larner
Rental Market in Carrollton, TX
We have a potential deal in front of us for a single family home (3 bed, 2 bath) in Carrollton, Texas and are looking for any insight on the rental market in this area. Based on availability on Zillow and Craigslist, ...
Michael Dunn
HomePath and no required Apprasial.....
With there being no required Appraisal on HomePath listed properties, how then is the property given a " Value " ..... is it based on the Contract price?
I was thinking that an Appraisal would be necessary to...