James Sotipalalit
Night before the exam
Hello I'm currently an investor part time and at the moment pursuing my real estate license. I took my test the other day and passed the state portion but failed the national portion. What I'm asking is for those who ...
Matt N.
Taxes on Rental Properties & Cash Out Refi to Pay
Hi! For rental properties, are taxes paid (outside of property taxes) deductible? What about estimated income taxes sourced from rental income? Let's say I make $10,000 in one year from rental property. I then pay:- $...
Christopher Butterstone
Tax question - owning home vs still having a mortgage
If i own a house (no mortgage) and rent it out for 1600 dollars. Is that 1600 dollars considered income and have to pay taxes on. Vs if i had a mortgage and 1000 of that 1600 goes to my mortgage and 600 goes into a “r...
Jason Hill
private loan mortage
I have purchased, fixed and have for sale my 1st fix and flip property. I am short of cash to fix and flip my 2nd property. Would it be wise to ask for private money for mortgage against 1st fix and flip to fund ...
Matthew Godwin
Investing capital while saving for real estate
Hi everyone,My wife and I have one rental property and are saving for another one. By my estimates, it will be about two years before we can get another piece of property. What do you think I should do with my money i...
Boris Suchkov
House Hack Exit Strategy to Finance Purchase of Forever Home
My wife and I have been house hacking a duplex (we live in the larger front unit; the back unit was a long-term rental first, and now we're experimenting with AirBnB). We are thinking of moving on to our "forever" hom...
Mario Am
Section8 Investors - Explain This
Hello guys,So I have a property I want to rent it to a section8, rent will be 900$ a month, she gave me her RTA packet and the TNQ rent burden worksheet which I have attached.However, it says that that the "Maximum Su...
Jason Lagan
How to convert personal to investment property?
Hi everyone! I'm hoping to purchase a property as personal with 5% downpayment & wondering how to, if possible, to convert the property to an investment property & be able to claim depreciation?
Nathan Gruetzmacher
2nd Auburn, CA Buy and Hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $620,000
Cash invested: $20,000
We purchased this property and retained the duplex listed prior. This is a S...
Account Closed
Taxes and renting a room out in my home?
I rent a room out in my SFH. It is currently rented for $100 per week. How will this affect my Taxes? Will I be able to deduct a portion of my mortgage and property tax as a cost of business? What other implications w...