Travis Reed
Does owner financing count toward DTI?
Does owner financing or private loans in general count toward DTI? I imagine the lenders will not know unless you tell them? Although I guess interest paid on the loan would show up as an expense on your Schedule E in...
Kasey Blow
Looking for CPA who is an investor
In search of CPA in Lincoln NE who is a RE investor themselves. My husband and I have a good CPA for our 2 small businesses but unsure if they are really helping us take full advantage of our RE investments and tax sa...
Jason Garrison
Income property
I'm a newbie when it come to income property so I have a question about how the taxes work and what I should do to prepare for tax season. I want to ensure I do this the correct way.I've been in my house since Dec 20...
Isabel Owen
TurboTax Business, Schedules L and M-1
Using TurboTax Business to do my taxes, and it has been great besides this one issue preventing me from e-filing. On form 1065 Schedule B, the instructions state that you do NOT need to complete schedules L, M-1, or I...
Michael Sweet
STR in Maui or Hawaii - anyone cash flow positive
Anyone making money on vacation rentals in Kihei or Hawaii?
any tips? location? condo complex? is it possible to run 4 or 5 as a job?tI would like to buy, rehab, furnish, and run enough to make a living?so far I only...
Josh Garner
Ways to reduce tax liability on my cash flow
Hey BP! What are some ways I can reduce my tax liability on my rental property? After reviewing my taxes, I earned $26,400 in rental income on my property, and all expenses (mortgage interest, repairs, depreciation, i...
Brad Mooney
My rental property Taxes
Ok, So I had my sit down with my Tax girl, and was somewhat displeased. My situation: 150K in rental income before deductions. I am a sole proprietor. Question: As I continue to acquire more and more properties, Shoul...
Jason Iskarpatyoti
Mortgage Interest Expenses with Partners
I have a rental property that I co-own with two other owners. We obtained a mortgage on the property, however, due to issues with getting my partners qualified in the mortgage process, the mortgage is specifically in...
Andrew Drasch
Turbo tax premier
Anyone have experience using Turbo Tax Premier to do their taxes having investment property(ies)
Frank Jennings
Apartment Building Schedule E Surprise
I have an apartment building under contract. The owners reported a net operating income of $27,500. This was the NOI listed on the MLS and all the paperwork that they gave me. My lender requested the Schedule E and I ...