Dwight Sands
Underwriter's Perspective for Self-Employed
I'm working on some calculations for current and projected (next year) DTI ratio to see where I need to be for financing. I'm self-employed (for 2+ years) and as I understand it a lender will use the 2 most recent tax...
Adam Roberts
Quickbooks & property appreciation
Team - has anyone (who uses quickbooks) been told by a CPA to hold their property values steady (i.e. original purchase price/value) in their books around tax time? It would be nice to have an accurate picture of tot...
N Miller
Insurance in California - Much More Difficult Process This Year
We own 23 single-family homes in the area. All of the homes are located in working-class neighborhoods and we are fortunate to always have them filled at 100% occupancy. We have owned most of the homes since 2009 / ...
Kendall Miller
Lease vs. Month-to-Month Rental? Smoking?
Hello again,I am managing a rental apartment property in California. The property is somewhat run-down i.e. In need of paint and landscaping. The landlord has been charging approximately a much lower rent than that o...
Peggy Curtis
Quick question about when to cut your losses
I have a rental in Oregon, and so far we have never seen a profit, at all. The rent doesn't cover the montly payment, but we have incredible renters that always pay, always do the work, keep it nice and have been in ...
Bill Vaughan
50 something unit property need advice DFW
I am looking at a 50 something unit complex here in DFW that is in a stable blue collar area. The units are all small (350 square feet) and all bills paid. It is apprximately 65% leased and the average security depo...
Jem J.
RE loss not beneficial
We own several rental properties with excellent ROI. These props are all under our personal name. Our combined taxable income was more than what the government considers as way above the threshold, therefore, we cann...
Daniel Kim
Why is my SFH not renting?
Hello BP members,
I have a 5/5, new construction home in a nice area that I recently put in the market. My PM said they had around 8 showings but it hasn't been rented yet. It's been over a month and a half, so I've...
Joe Richardson
Is my CPA correct about not being able to utilize losses?
Last year I purchased my first two rental properties. I'm in it for the cash flow but was also hoping to get some of the tax perks. I talked with a couple of CPA's and went with one who has real estate investors and...
Manraj Singh
Negative Cash Flow : Tax Offset
Hi,
I am aware that acquiring a -ve cash flowing property is a BAD idea. Also aware that we shouldn't be looking at 1. appreciation and 2. tax benefits as an answer to offset a -ve cash flowing investment.
1. I am ...