Mike Montana
Interest deduction on cash out REFI
If you own a SFR without debt and REFI the property to cash out the equity then use the cash to invest in a syndication or buy another rental, is the interest on the loan collateralized by the SFR a tax-deductable exp...
Lucas A Riemens
Creating a secondary business
I am considering forming an LLC for landscaping and a second for construction. The thought being that it would create additional tax breaks when purchasing equipment etc that would be mainly used to maintain my prope...
Sriram Kumar Bikkina
What is Considered Positive Cash Flow?
Hello all, I have a basic investing question: What is considered a positive cashflow when we borrow 100% of the money to invest in a property?In general and simple terms, it will be the money I gain over the money I s...
Jimmy S.
tenant moving out mid month but does want to pay full month rent
I have a tenant who just gave 60 day notice on nov. 22 and they are on a month to month lease with 60 notice required. They have been there for 3 years. They send me a letter saying they are giving 60 days notice on n...
Erick Duran
Tax advice for a start up RE investing LLC
Newly started LLC for investing in rental properties. What can I expect to write off at the end of the year? Any guidance on what mistakes were made by any of you early on? Should I hold off on buying equipment suck a...
Andrew Coulter
True Tax Advantages of OOS Investing
Hi All! As a newbie one topic that I’m really trying to wrap my head around is the tax benefits of owning passive real estate with a W2 job.From my understanding there are various areas where tax deductions, write off...
Jordon Haskell
First deal, inheriting a tenant. What should I be aware of?
My deal (first one):
I have a 3/2 SFR in a good neighborhood, it's a short sale.
My offer was accepted and is currently going through the banks underwriting.
So my question is. There is a tenant in place.
If I keep t...
Sheena Varghese
Flip taking longer than a year and tax implications
Hello,My current flip will take longer than a year, about 18 months. Can I still deduct all renovation costs from the profit in regards to paying taxes on the profit. I have all cash in the property and for renovati...
Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Roger Princeau
Funding question.. cash out refi vs loan
I have a funding question. I have a deal locked up for$250k.. (seller will finance me $50k. So I'm needing funding for $200k. Was looking into cash-out-refi. Accountant says this route won't let me deduct taxes. Does ...