We recently listed our RV park for sale in North Platte Nebraska. Our realtor wanted 3 years worth of tax returns emailed to him so he could share with interested parties upon request. He stressed that our social se...
I learned some formulas on this site. Like what percentages to estimate for repairs and cap expenditures etc. I have 1 business checking account and 1 savings account for my 4 family building. I keep the tenants de...
Me and my wife are looking to buy our first investment property, before our lease is due in four months where we currently rent. We have a down payment ready to go. However our credit is poor, and I have been working ...
Recently purchased a duplex that's in really bad condition for hopes of appreciation and gentrification of the area. This was a 10-20 year play. They are putting in a $2 billion government agency building in the area ...
A tenant that applied just filed Chapter 13 Bankruptcy several months ago and has a 600 credit score. His gross income is 4.6 times rent, but he has some after tax deductions (including bankruptcy payments he just...
I am nearing the finishing touches on my 1st flip and wanted to know how much capital gains tax I will be paying? I purchased the home through the county auction in March? What % will I be required to pay?
Note - Thi...
I just created an LLC for my rental property, so this is all new to me. Is there any reason to pay a salary to my spouse? If I pay her, to make this simple let's say $2k a month, she'll pay taxes on that which means...
Hi all,
Happy holidays! : ) So glad to find a forum that is so lively and full of friendly members. I need some help with appraisal and would like some advice.
I own a 11-room guest house with a partner. We have bee...
I'm trying to implement my first BRRRR strategy and I'm wondering if it's possible to secure a refinance loan at 12 months before I close on the deal with hard money?
Dear all,What's the definitive answer - and preferably pointer to authoritative resource - regarding deductability of interest on HELOC with the passage of new Tax Law? I do realize that HELOC interest deduction now o...