Matt M.
If I live-in my triplex, do I have to pay taxes on rental income earned?
To my understanding, actually living in the premises, especially being a 3-home or less, will put you into a different mortgage bracket, tax bracket, etc...
Do I need to claim my rental incomes and then pay taxes on ...
Chris Mcalister
deal or no deal? phoenix area multi
so being new to REI I wanted to get a few eyes on my 1st deal and see if I could get the opinions of a few people here on BP.asking price 249k, 4 unit mulit. 3 2 bed one bath, and a 3 bed 2 bath SFH with a pool on th...
Stephen Jones
Is this a good deal?
Happy New Year to everyone!I'm hoping to get some insight on whether this is a good deal or not? Any help, suggestions or feedback would be greatly appreciated. The breakdown on my potential deal is as follows..12- 2 ...
Kyle Fitzpatrick
Rental property analyzer
Found a deal in Springfield IL in a good area. Triplex with rents for 700 each, property taxes of 3,500 per year. I would like to live in one unit and rent out the bedroom. What would you offer for this place? Off mar...
Westin Hudnall
10% Repair -- Does anyone stay under this ?
As a buy and hold investor - I have budgeted the typical 10% for repairs but find it nearly impossible to stick to that amount. The majority of my properties are fairly new (all built since 1970 with 5 of the 9 built ...
Jayson Greenblatt
owner occupied first purchase
What is everything that should be considered when living in your investment? Im considering a 4 family and living in one unit.Asking price $430,0003 2br apt $1200 each $3600 monthly1 1br which I will occupy.Taxes $7...
Sanjai Dayal
Own commercial building, I use 2 of 7 offices for medical business- pay myself?
The commercial office space is owned by my LLC. I need to allocate a certain rent to pay myself as I use 2 offices working as a medical provider (another LLC). The higher the rent, the better for tax purposes. Is ther...
Ilya Z.
Can I claim something I made "on the side" as an REI expense?
Suppose I buy a painting and use it in staging of a property that I am selling (that is, I am not the realtor selling, it's my property). Then it looks like the cost of the painting can be deducted as an expense for t...
Eric Harris
Single unit townhome or condo investing
Considering a purchase of a single unit townhome or condo. It appears it will cash flow after expenses fairly well. Just trying to decide if it’s a smart place to begin. It’s in a newer community in a rapid growing ar...
Chris K.
Best expense tracker software?
What is a good software to track expenses ? (Easy receipt uploading, etc) This would be for less than 2 rental properties for now.