Hi all!
I have one mid-term rental (mainly travel nurses) set up in an LLC. It's been running a few months and starting to make some money, so I'm trying to determine the best way to...
1) Pay my mortgage and home e...
Has anyone separated water to individual units in the Milwaukee area? If so, expensive to do? Thanks!
Hey all! Check out this deal I came across and let me know your thoughts on it! I did this at the assumption I would be purchasing the asking price!Info: 3-1 bedrooms, 1-2 bedroom, and a commercial spaceRents: I assum...
I have a job where I make good income, I'm in the highest bracket with my regular wages. I'm about to start buying some rental properties and am not excited about the prospect of all of my business earnings being taxe...
Hi All,
I am trying to work the numbers on a deal that I am interested in and am curious as to what Capital Expenses I should average into my long-term costs? For example: if the roof is already in good shape, should...
2018 was my first year of owning properties. I bought two turnkey properties and received a 1099 for the rental income they generated. I entered this info into Turbo Tax. I was expecting some tax benefits. Am I mi...
Trying to get under contract on a 5-unit, and only basic table of rent, expenses has been provided. Seller adamantly opposed to providing bank statements for income/expense verification. Is that a huge red flag? Are f...
How does everyone pay yourself.. Do you pay yourself a "salary" or do you just take whatever is left after expenses and taxes as "profit" and thats yours to pay your bills and live your life? Also as an LLC or LLC "s-...
Hi everyone,
At the end of July, my girlfriend and I successfully purchased our first house hack! I am now looking for advice on how to structure my bank accounts to properly separate my personal expenses from any ex...
One of my properties has been hit with some code violations since it’s a pretty old house. Approximately 50-70k will be needed to get it up to code. If I were to get a personal loan to pay for the these home repairs, ...