Douglas B.
Can someone explain the benefits of rental income tax savings?
I've heard it said that business income is handled differently than traditional earned employee income. Can someone explain this in an example for me? For example, how is $10k of earned employee income taxed dif...
Shane Humes
Strategy for transferring personal money to LLC
To get started in real estate investing, I am creating an LLC. In order to start, I will need to give my "LLC" self some money from my "personal" self for down payments, rehab costs, etc. I would like to eventually ...
Al Williamson
Creating a Rent-Independent Multifamily Apartment
Have you ever heard of a multifamily landlord paying their 80% LTV mortgage with "other income" and banking their rents? I'm consumed with the idea and have to solve this riddle.
How could a multifamily owner use the...
Robert Ice
My first rental in Georgia
Investment Info:
Single-family residence buy & hold investment in Warner Robins.
Purchase price: $118,000
Cash invested: $35,000
Single family home.
What made you interested in investin...
Nandish Desai
DSCR Close as individual
My wife and I bought our first condo in our own names. We recently sold that condo to 1031 exchange. We had bought the condo with a conventional mortgage in our individual names. For 1031 exchange, we can't close the ...
Leslie Thompson
Getting Back Into Real Estate - Newark, NJ
Hi my name is Les. I've always had an interest in real estate since 2002 when I used to work as a real estate agent in NYC (renting out apts in Manhattan). Then, I took a break from real estate and was working at a he...
John Roldan
Beginner in Jersey City
Hey All,I'm John and I've always had an interest in real estate as a result of its passive income opportunity and ability to generate income using other peoples money.My family actually owns real estate in both Jersey...
Luther Epperhart
No or Low Income Home Equity Loan
Does anyone know a no or low income Home Equity Loan lender? Is there no such thing any more? I don't want to refi. as I only need 50K from my equity and don't want to give up the great rate I got 18 months ago. I...
Leo Gonzalez
Paying Income Tax on Low Cost/High Cashflow properties
After successfully purchasing and renting out a duplex in Syracuse NY I've started considering the tax implications of the gross income I will be receiving. The analysis I did on the property accounted for expenses l...
Garrett Hollenbach
Do "2nd Homes" affect Debt-to-income ratio?
Hello BP community, Here is my scenario: 1. I purchase a condo as a "second home" with a 10% downpayment2. live in it for 2 weeks out of the year (as stated by law where I live)3. Then rent it as a STR for the remaind...