Account Closed
Who buys expensive multi-unit properties in downtown?
Hi, I have been browsing some properties, and the more I drift towards downtown big cities like Boston or Manhattan, I see these 8 to 16 unit complexes priced at ridiculous prices (understandable because of location) ...
Kathy Henley
Is income from furnished rentals (AirBnb) passive income?
This is my first year to try furnished rentals and want to be prepared for the tax man. Who pays self-employment tax? What qualifies for passive income? Has anyone looked into furnished rental income? Is it passive? ...
William D.
Rental income after you refinance with a 30 year mortgage
BP!When you refinance a BRRRR deal at a 30 year mortgage, how does the payment on the mortgage work? Hopefully the rental income covers the mortgage and generates cash flow. However it’s a 30 year mortgage for xyz amo...
Anthony Johnson
MR. New Guy!!
Hello everyone,I'm Anthony Johnson. I hope all is well.Here's a little bit about myself...in a few sentences. I was born and raised in Los Angeles. I met my lovely wife, got married, purchased a home in Inglewood a...
Brian Scott
Determining cash flow while house hacking ?
Hey everyone. I am the owner of a 2 family MF in NJ. My mortgage is 3232.00. I rent the second floor for 2100 which leaves me with the remainder payment of 1132.
Am I generating cash flow since I have approximately 6...
Brett Roth
LLC for Property Management- Tax Issues? FICA?
Hello, I'm sure this has been discussed before but I haven't been able to find the answer to my exact question so here goes:It has been suggested to me that setting up a LLC to do property management (sign leas...
Joseph Scorese
Key Differences Between DSCR & Cap Rate that a Real Estate Investor Should Know
As a real estate investor, understanding both the Debt Service Coverage Ratio (DSCR) and Capitalization Rate (Cap Rate) is crucial because they serve different purposes in evaluating and financing investment propertie...
Gucci S.
Best use of 150-200K next year
I am in the Pacific Northwest region, is it possible to find any commercial property with this capital or should I try to go with a partner? I am a newbie looking to buy commercial real estate to generate passive inco...
Andrey Y.
Wholesaling bookeeping
I have done a short wholesaling campaign last year. where would you include/how would you tabulate that come tax time? I purchased rental properties at the end of 2014 and middle of 2015. The wholesaling was a busines...
Kenneth LaVoie
Plans and exit strategies
Hi --
I wanted to share my basic outline of my business plan here, and get some critique, if possible. I'm a little stuck on an "exit" strategy in that, in the interest of lowering taxes, I may NEVER exit, and instead...