Matt Wilcox
Any Other Deductions?
I keep hearing/reading about people that are not paying taxes on their rental income because they can offset it with deductions. I can't come up with enough to cover the income. What am I missing. I am deducting:
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Kyle Houlahan
Real Estate LLC, Net Loss/Tax Deductions
Hello everyone, my name is Kyle and I've recently decided to begin investing in real estate. After finding myself on BiggerPockets almost daily reading through posts, I've decided to join!Long-story short, I've create...
David Rende
Pay myself as a management company to reduce passive income
I'm trying to figure out the best way to reduce my rental income. I considered a sole proprietorship management company but it just seemed that that wouldn't be legit - maybe it would but I wasn't sure. My other thoug...
Tyler Clearman
Tax Benefits of a LLC
What are the tax benefits of having my company own the property instead of me owning it? How can a LLC save me money on taxes?
Gaspare U.
How much do you set aside for Maint/CapEx/Vac. (NOT Percentage!)
I know a lot of people on MF use anywhere from 20-25% set aside between Vac, Maint and CapEx (trio) which is fine. My question is, is there a level you are comfortable setting aside? Let me explain via an example.Let'...
Osahon Abbe
Qualifying for a conventioanl loan after Cost Segregation
Has anyone done a cost segregation on their tax returns and that reduced your W2 income through the losses claimed? How did you navigate getting a loan with the reduced income on your tax returns? I know you can use a...
Cale Delaney
Increasing your NOI with Creative Strategies
Hi Everyone, I wanted to share some creative strategies that have allowed me to increase the NOI on our first multi-family property by an amazing 105% in only 5 months of ownership using some creative strategies I lea...
Phillip Lewis
Moving out of a House Hack
I'm looking at potential duplex house hack deals and they make sense from a buy perspective as they will be cheaper than renting and really decrease expenses when a tenant is in place. My issue is trying to evaluate i...
Daniel Rines
Filing rehab expenses for tax returns
I'm preparing to file my taxes as a land lord for the first time and looking for some help. I own a duplex and live on the second floor but plan to move out and rent this floor. Can rehab costs for the second floor ...
Robert Fernandez
Tax Strategy, Construction LLC?
I'm a newbie investor in the Baltimore market, and am fairly hands on rehabs and construction process. I plan to act as the General Contractor, sub-contract some rehab work and take on some myself to keep my rehab co...