James Carlson
Are STRs as we know them dead in Colorado (and other places)?
A bit of a rant here ... I've been in these forums for seven years and have followed the Airbnb laws in Colorado the entire time. I've always been able to find my STR clients investments that are legal and whose numbe...
Carson Wilcox
Starting out... help me understand the tax man
So. I am starting out, working on a deal right now where I will partner as a JV on a SFH with an experienced investor. At the end of any flips we do, I will get a check and a 1099 at year end...What I want to know i...
Michael Stole
Income Must Be Three Times the Monthly Rent
I am reading this great book "Tenant Screening: The Ultimate Guide" on biggerpocket.
It says income must be three times the monthly rent. I am wondering if it is before or after tax.
Robert Lindsley
What’s included in ‘Net Income’ for Cap Rate analysis?
Hello,I’m trying to determine a price for a multifamily apartment building I’m selling. The way I’m doing this is taking the net income and determining a possible sales price using the cap rate.Normally to determine ...
Denley Thiessen
Winnipeg rental property analysis
Hi folks,
Just getting into rentals here in Winnipeg, I already have one property. I’m looking at a duplex in the North End of Winnipeg. Currently it is a duplex with potential to convert to a triplex. I’m looking ...
Diem Tran
I got another stupid question about the 50% rule.
Hi Everyone,I understand that the 50% rule is basically, in MF, is the general rule for expenses which includes vacancy, management, trash, etc. But is it taken from the actually income or potential income or potenti...
Joe Lijoi
Tax treatment of LLC with no income but expenses
Hi all!
My current full rehab duplex project is owned by an LLC which owns nothing else or has not generated income yet. My question is can I use the expenses incurred on the project as deductions even though there ...
Jenny F.
You put your WEED in there...legally!
After YEARS of brainwashing by the government and public school systems about marijuana, guess who's soul has a price? California! Apparently the price is $1 BILLION dollars in tax revenue that they COULD bring in b...
Randy Dubiskas
AirBNB Professional Hosting Tools
I was stuck. I had to add County Occupancy Taxes to my listing on AirBNB in Placitas, New Mexico. It lies in Sandoval County, north of Albuquerque, south of Santa Fe. The way I read the platform instructions, I wou...
Craig Jones
STR hold or sell
Have a property in a popular vacation destination, 7 BR / 5.5 BA / 4000 sqft. Was originally our primary residence, but we began experimenting with part-time STR this past January, and then full time STR starting las...