Investment Info:
Other buy & hold investment in Mitchell.
Purchase price: $850,000
Cash invested: $337,500
The Johnson Block is a 52,000 SF, 4 story mixed-use retail/residential property in downt...
Investment Info:
Other buy & hold investment in Mitchell.
Purchase price: $850,000
Cash invested: $337,500
The Johnson Block is a 52,000 SF, 4 story mixed-use retail/residential property in downt...
Do any lenders use gross income to give home loans? I found one that calculates net income by using 50% of gross income from my business. Looking to see if any other lenders do the same. Thanks
Hopefully this doesn't sound more complex than I need it to be. I recently had my taxes filed with a new CPA, and i'm not 100% certain if my taxes were filed correctly. Im a fix n flipper, and this is my first year re...
To me, the most important tax worksheet is the Qualified Dividends and Capital Gain Tax Worksheet on Page 36 of the 1040 Instructions.
Line 9 of the worksheet says: "This amount is taxed at 0%" What is line 9? It's (...
How do you calculate debt to income ratio when you have rental property? Are we using gross rental incomes or net? I own two 3-unit buildings in the Chicago area and live in one of the units. Total gross rental income...
Hello,I was reading up on the requirements to submit tax returns and pay income taxes in Ohio. I've read the CAT is not required if the business has gross receipts under $150k. My rental income is way below that, bu...
Hello folks,
Does the Total Rent income or Net Rent (rent - mortgage, HoA, PM) income count towards the Accredited Investor status $200K annual income requirement?
Thanks,
Sonny
Hello Investors,
I'm planning to buy my first investment property in Georgia (probably a SFH or Condo or TownHome). While I'm trying to crunch the numbers for my analysis, I'd like to hear from the experts here to se...
Hey All! For those of you starting out, it seems like terms and equations for rental properties is like speaking another language, especially if you are not good at math. I typically type these guides up myself but w...