Michael V.
Is this a good Investment?
Hi BP, Is this a good Investment? Me and my 2 partners are thinking of putting funds together for this deal in particular. I realize there are many excess expenses not listed but more or less this what i came up with ...
Byron Broughten
DTI, Conventional Loan, HELOC, Insanity
Hello!I’ve been going slightly insane trying to figure out how debt to income ratio (DTI) factors into getting conventional financing or a HELOC on investment property. My current understanding is that cash flow posit...
Account Closed
Impact of deductions explained
New here and understand the general concept of deductions on income. Could someone explain with simple math. Let's say a $300K 4 unit bldg with total gross rent of $3K & $1K/mon operating expenses (trying to keep ...
Michael Olesky
income of 3x the rent question
I have a quick question about the general rule of a possible tenant having an income of 3x's the rent. Does this rule change any depending on number of kids? If rent is 1000, then an income of 3000 seems fine f...
Chelsea Schaefer
CPA causing confusion on STR rules - HELP!
Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test. Current CPA says we can't take losses off of W-2 because W-2 income is greater than 24...
Cynthia Hanke
First time looking at Multi-unit for a Buy & Hold
Hi all, this is my first post! I currently have 4 SFH and a condo, all rented & flowing smoothly. I would like to find a 2-6 unit multi-fam, in Central Ohio. Going to look in Mansfield today. The one that sound...
Nick Gray
When and How to Hire Assistant(s)
Hi, I'm a 26-year old real estate investor/agent from New Hampshire who has acquired 30 apartment units across 6 properties over the past ~18 months. To date, I have self-managed my properties while also managing a fe...
John Hixon
First Investment - Need help with numbers
Cash - $249,000 ( might be able to get it for around $225,000Annual Gross - $53,880Average Gross Monthly - $4,490Annual expenses - $8,891Monthly expense - $740Annual Net - $44,989Average monthly - $3,749What are your ...
Dan Griffin
Walk me through how taxes work
Hi,
Can one of you walk me through how taxes work on an investment property?
Let's assume the following. 50k property.
Income - PITI = $910 in cash flow for the year
Rental income - (Intere...
Kyle R.
AirBnb Tax Questions
Hi BPI'm finishing up my first year as a vacation short term rental owner. I have a couple of tax questions that I want to familiarize myself with before I send everything to my CPA.I rent my property through VRBO/Hom...