Allen L.
Good business ideas to synergize with rental portfolio
What are business ideas that people implement that complement a large rental portfolio? I'm not nearly there yet but I think it's good to plan ahead.For example, some people start their own in house property managemen...
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:
-...
Bob Milen
Refi - mom no income, don't want to co-sign
Hello all - I have enjoyed the wealth of knowledge associated with this website. I'm in an interesting situation and in need of a creative solution. My father owns a rental unit and a residential property. The rental ...
Kevin Moules
Write off or not to write off, that is the question!
Hello BP!Wanted to get your thoughts on write offs for your business and whether it is worth doing? This could apply to a real estate business or other small business. Basically I jumped off the deep end and quit my W...
Nick Walley
Starting out- tax benefits
Hey BP! First post and it’s great to meet you all. I would love some advice / perspective… I live in the East Bay Area here in CA, have a great W2 and good sales commissions, and want to start RE investing. I’ve been ...
Spencer Hoogveld
Living off rental income
I’ve been a real estate investor for the last 5 years. I currently own/manage 4 multi-family properties under commercial loans. My goal is to eventually live off of my passive income. Are there any strategies I should...
Amby Bhagtani
Depreciation against W2 - Income
Hello, I make a money through W2 as well as stock options. Right now my taxes are high, due to stocks. I am curious does depreciation of rental assests reduce the total taxable income? Thanks, Amby
Devid Brodsky
First-time home buyer. Is 600k too much on an 85k salary alone?
I'm looking to purchase a townhome alone for $600,000. I plan to do house hacking by renting out spare bedrooms to reduce my living expenses. I aim to apply for FHA loan with a down payment of around 5%
My Informatio...
Derron Taqee
Was Kiyoski right when he said a business owner can pay themselves first and the gov taxes whatever is left?
So I just finished reading Robert Kiyosaki's Rich Dad Poor Dad and he stated something about how business owners pay taxes vs how 9 to 5ers pay taxes. He says 9 to 5ers pay the gov first in taxes and they get whate...
Account Closed
Cash Flow vs Appreciation in Cape Town
I've been running the numbers on potential rental properties in Cape Town. Even assuming 100% equity, am I correct that it's hard to manage a cash flow above 2% in this market? (Note that I am including management fee...