Jonathan Marsh
Buying a house that will never cash flow?
My lady and I are moving to Columbus next year and will be buying a in the $450-$500k range. With 10% down, PITI will be about $4,000/month which is around 25% of gross earnings per month.
Comps right now for 2-3 BR ...
Account Closed
How to Tell If You’re Rich
I got this article from the Apartment Owners Association. I thought it was informative so I want to share with others.
IRS figures show that the top 10% of income earners make 43% of all the income and pay 7...
Rich Hupper
Two flips this year how to avoid self employment tax
HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
Jeremiah Gaviña
Taxes on intest made?
If I loan someone 10K at 10 or 20%. Interest. Am I taxed on the interest made? Do they give me a 1099 or how does that work? Thanks
Kyle Meyers
LLC Taxes
How would my taxes differ if I start an LLC and transfer ownership of my properties to the LLC. Would I have to pay self employment tax on rental income that I get through an LLC? Will I be required to send 1099s to c...
Jared Ebert
Equity is a problem?
A couple random questions. I’m a complete beginner. I just listened to the podcast with “Swanny” who started with condos and upgraded to multi family through 1031 exchange. Several times he talks about how cash flo...
Derek McGillicuddy
Tax returns question
I’m looking for some advice. How much does one property reduce your state/federal income taxes? How much does 2 properties reduce it? I know this is a largely variable question, just looking for advice/ guidance, if i...
Aaron T.
What are you doing with your idle money?
I dont like to let my money sit around in a savings account. Its just sitting there not making any money.What is everyone doing with money they are saving for a purchase and dont plan on using for 6 months or longer? ...
Doug Ringwelski
Solo 401k financing rules?
Hi, first post here... I've done several residential rental purchases in the past, but it was always with my own cash downpayments (cash I had readily on hand...). I've become more interested in the Solo 401k's as a...
Douglas Gross
Financing for low-income properties
Hi everyone. About six months ago i purchased my first property: a single family, about $45K that i bought with cash and is cash flowing at about $400 a month. I am now looking to buy a second (and possibly third) pro...