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I have only 4 STR doors. I have had a helluva time paying bills on time. I have created a spreadsheet that seems to be less than efficient in identifying all my expenses. I keep getting dinged with new taxes, LLC fees...
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Hello EveryoneI am trying to figure out what is taxed higher interest from a note you hold or cash flow from a property you own?Lets say the interest and the cash flow are $4500.00. After deductions each year you clai...
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What would be the best way to minimize taxes and keep things simple for two investors, one in Ohio and one in Chicago. The property is in Chicago. 50 units, profits should exceed depreciation in a year or two. One ...
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I just read a post where someone said you may have to pay SET on income from flips. Is that true?
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Hi all, I'm working on my first deal on a duplex in Kansas City, KS. Looking for advice on if this is a good deal. Asking price- $86,500Rents- $1325 for both (675 and 650 each side)Taxes- $121 a monthProperty manageme...
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HI all,I am looking to invest in some property. strictly for investment purposes in NJ. Hudson or Bergen County. I would like to purchase a condo (MAYBE - single family home, but let's discuss condo first) that has th...
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Hello all, not sure if this will help anyone, but if you are getting started please read. If you are an expert please include your thoughts!I am newer to BiggerPockets and I have already benefited so much from the net...
This is my first post here, and I am just starting out, trying to learn, and hoping to make my first purchase, so please be patient if I am asking very basic questions. I just analyzed a property using the Bigger Pock...
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Hi all. I'm new to BP but love all the logical advice that sounds crazy to the common person.
Here's my situation:
I have a 4 plex (in CA) that I paid $700K for a few years ago (25% down) and I now owe $485K. Its ...
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Looking to get in to my first deal. Targeting a single family home requiring zero to minimal repairs to rent out. The goal of the property will be cash flow. My thought is to hit a 70% LTV (which makes my down payment...