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Confused on income Tax for Potential rental property
Let's say I live in California and make $255,000 of taxable income, from my advertising company. I want to buy a duplex with all cash that would start paying me $2,000 a month after all expenses have been paid (other ...
Keaton Roberson
Getting in the door with a potential mentor
Hi Everyone,I plan to reach out to my current landlord who owns several small apartment buildings in the Atlanta area to hopefully learn some insight into his career and how he got started in the business. I plan to o...
Mark Douglas
do you prefer to have more cash or more equity?
hey all, so I've been house hacking a duplex since 2016 and it's finally time to sell. after the loan payoff, commissions etc, I should clear 170k. it won't be taxed according to my cpa.I'm going to buy a SFR for my...
Nathan Werth
Pro and Cons to Obtaining an Out-of-State Real Estate License
Like the title says, I'm looking to relocate to a more lucrative market in South Florida. I currently live in Nebraska right now, and I feel that it's time for a change. I have never held a license for any state, but ...
David Rosen
Property Management Pre-authorized Repair Limit
I own some properties (mostly duplexes) in Cleveland, OH and have been looking for a new property manager. In looking for a manger I see that there is a wide range of maximum repair value that the management can autho...
Fred Stevenson
margin from brokerage account to prepay mortgage
Hey everyone, I have a checking account I use to manage my rentals and other business expenses. I have positive cashflow on all my rentals so my balance in this checking account is accumulating but earning zero intere...
Claudio Trevisan
How to report rental income in a partnership?
If two individuals own a rental property together as joint tenancy in common with right of survivorship, how would they report the income if they file taxes separately?
For example, assume the property is owned free ...
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Are my calculations correct ?
Hi,
The point of this message is to try and find out what a good real estate investor does when crunching the numbers before they acquire real estate. Can you please look at what I did below and tell me the pos. and ...
Eric Geers
Roth IRA Consolidation?
My wife and I were only able to invest a little less than $10,000 in our respective Roth IRAs before our combined income disqualified us from contributing anymore. My question is this: Should we leave the money in ou...
Alex Neu
Inexperienced New Investor
Hey everyone, my name is Alex Neu. Im a 21 year old Electrician from Buffalo NY aspiring to become a real estate investor. Im new to the game and want to learn as much as possible before I look for my first investment...