Hi I have found several potential investments on the auction website homesearch.com. Does anyone have experience with this marketplace? The good, the bad, the ugly? Should I be looking here for investments? Any an...
Simple question as I am just getting into this real-estate gig.Do you account for your federal income tax when evaluating a houses performance in a buy and hold strategy. Do you account for that in some form of an ROI...
I’ll try to keep this as short as possible. I purchased my first real estate investment property in October 2018, under a newly created single owner LLC. My intentions from the start was to purchase outright then reha...
I have a good candidate for a rental who has a traffic convition for not carrying insurance and driving without registration. How would you handle this? Ask them further questions about it? Deny? Accept?Thanks!
I'm looking at purchasing some sfr or small multi families in the western New York area. Does anyone know the income tax rate an LLC would pay in New York State? Besides being able to write off expenses, and deprecia...
Hi
I own and lived in my principal residence for over 20 years and a significant capital gains.
1 If I sell my principal residence I pay no tax on the first $250k of capital gains (filing single), but if I have ad...
Looking for recommendations for bookkeeping software to help manage my rental portfolio. My partner and I buy and rehab properties, then refi and hold long term (BRRRR). We also manage 2 other companies together that...
Hi Guys! Looking for a CPA who I can pay for a Skype session to talk through some tax stuff. I live in Australia so will need to be online. Basically i (think) i have failed to lodge my state tax requirements. Running...
Ok lets say my i pay100 in taxes100 in insurance80 in maintenanceProperty manager 120Hoa 100Anual vacancy: 1,200Anual : NOL 7,200Rent: gross rent 14,400So my operating expenses are 50%?NOL 7,200 ÷ 14,400(gross rent) =...