Do you calculate your NOI over you Gross scheduled income or just your Gross income?

Say you take your typical 3 br medium sized house that would typically rent for about $1500 and because of room conversion (like converting the living room/dining room/rec room/laundry room/den/etc) you now have a 6 b...

What's the point of setting up and LLC if members of the LLC has to pay quarterly taxes for income they may or may not make.Someone please explain this logic to me I'm missing something.Why set up an LLC when it's exp...

I know I will have gross revenue from rentals for income tax purposes which would include cleaning fees collected.  For income tax purposes, I know I can deduct the actual cleaning costs so that portion of revenue bec...

I am totally blown away trying to sell a house I purchased 4 years ago at PA Judicial sale.  I was taught that a judicial sale will wipe out all leins except federal.  I have found that information is totally misleadi...

Can anyone answer if you pay a transfer tax in the state of Pennsylvania when moving a property in your name into your LLC?Thanks in advance.Gwyeth

I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...

Hello All,
My name is Ryan and I've been running a STR on airbnb for about a year now. In Scottsdale and Arizona, you must file for a TPT license and file your state taxes monthly through the AZ Department of Revenue...

I was visiting alabama's tax delinquent property site today, and put in a few applications for properties (with residential property), the properties were sold to the state back in 2009-2012. after putting in these ap...

Can anyone help explain how this works for an investment property?  In order to arrive at an estimated value of tax deductions for a rental property would you:A) Add up your annual depreciation, operating expenses and...