Billy Raz
Texas: Net Income Taxes from Single Family Rentals
So,I know that Texas has no state income tax. Does this include net rent for rental homes under an LLC?For example, if I show a positive net cash flow of $1000 for a rental property, is the IRS going to collect any i...
Greg Yandle
2nd Deal Analysis - Cambridge, Ontario, Canada
Hey everyone,It's Greg again with another deal for review. I used conservative numbers with this one. Please give all the feedback, advice and crisitism you have. I'd love to hear about errors, omissions, unrealistic ...
Mark M.
Introducing Myself
Currently own one residential SFU rental in the York College area. Bought in April 2011 through my LLC and first tenant signed in May 2011. What else do you need to know?
Say hola.
Jason A.
Can I deduct both mort. interest and depreciation from my taxes?
Greetings,I'm getting some conflicting advice on this topic. Can I deduct both mortgage interest and depreciation from my rental property on my personal taxes?
Mike Ojo
How many years of Tax returns is needed for a mortgage loan?
Just doing some calculations here. In applying for a loan, how many years of income is looked at or averaged? I ask because in the last 3 years, one year was a loss of income. First and last year both positive net inc...
Bill Robinson
6-unit Analysis, my thanks in advance
All,
I'd appreciate any input you all might feel like tossing in. I am looking at a 6-unit building and have been trying to figure out my own analysis and want to see what any of you think...
Size= 6 units ($500/mo...
Peter Mckernan
Out of State Withholdings
Hello everyone,I wanted to see if anyone can explain the FTB withholding requirements for out of state property owners. I was asked about it yesterday and I could not find the clearest information on the topic. I gath...
Jerrmarco Rhodes
New Guy Needs help with multifamily analysis
I found this deal which is actually for 2 properties with a combined total of 125 units. This is priced at $2,800,000 . The listing says it has a cap rate of 12.84%. I divided the NOI by the derived cap rate(from the ...
Aaron Briggs
high income borrower wants GRANT ('free' $) for DP/CC
In search of mortgage lender that gives grant $ for buying in a low-moderate income "census tract" (geo region that is poorer than middle class). This despite the borrower being high income earner. e.g. Bank of Americ...
Account Closed
Worth a look?
Have found a property, 8 units, for sale in an area I know well. These are the numbers offered up by the seller.
I'm a complete newbie and am hoping some of you with experience can offer your impression of the number...