Maxwell Manatt
Our first deal 10 months later, Duplex Little Rock Arkansas
My wife and I bought our first rental Property in June 2016.Basics of the deal:Duplex in Little Rock ARPurchased on MLSPurchase price $105,000 (was listed at $140,000)Cash to close: $23,579 ($21,000 down payment, $2,5...
Will Rodgers
Tax Benefits of Rental Properties
Hi All,I understand that there are great tax benefits/write offs as it relates to the purchases you have made towards your rental property like depreciation, maintenance fees etc...My question is...Are there any tax b...
Zach Adams
House Hacking - Can only deduct rented bedroom square footage?
Hi All, I have a house hack which is a duplex. I rent out the lower unit and for the upper unit, I rent 1 of 2 bedrooms. I was told that I could only depreciate 8.6% (square footage percent of the upper unit) and only...
Jake Andronico
Single Family or Multifamily...?
Curious to hear people weigh in on this. I've laid out some pros and cons below that we thought of off the cuff: Single Family: Pros:- Many potential targets (more available)- More likely to find a deal (but varies fr...
Jeffrey Richard
Risk of using leverage?
I'm in a position where I can using leverage over and over to buy more properties.There would be cash flow in my area because the properties are not expensive however they do not appreciate much and the cities around ...
Marvin Romero
Passive income taxed??
Hey guys,
I have a two part question
1. Is passive income not taxed because it isn't earned income??? Or why is it tax free?
2. If you have a rental that is producing passive income. And you sell it, do you owe tax...
Jonathan Escobar
House hacking when the market is high/peak? Risky or not?
I'm really considering buying my first house and house hacking it. I am currently a student at Brigham Young University in Provo Utah and other investors have told me that the market is very high right now. We have be...
Sushil Iyer
Estimating expenses post-purchase
When analyzing a deal, the expenses data available (opex, vacancy, PM, capex, etc.) is at the time of purchase. However, this data is bound to change post purchase. What are some tips to estimate what these expenses w...
Jimmy H.
What range does the 2% rule work
In what price range does the 2% rule work most efficiently. Is it best for duplex, SFR, or 5+?
Joe Edwards-Hoff
Writing Off Improvements- Safe Harbor
I just read this article here and I wanted to confirm the info-https://www.nolo.com/legal-encyclopedia/small-taxp...So, it sounds like I am able to write off some of my improvement expenses, as long as it is less that...