Tosin Oluwatoye
Switching utility bills to tenant upon new purchase.
I am currently considering a 10 unit (5 duplexes) purchase where the current landlord is responsible for all utility bills and does not have a cap on usage written into any of the leases. Fortunately all 10 units hav...
Craig Steltz
HELOC - LLC question
All,
If I take out a HELOC under an LLC. Meaning the LLC would own the HELOC. How would one deduct interest on their taxes? this wouuld be a single member LLC. Can I just use the EIN on my own personal tax return ...
Noyessie Hubert
Building contact in New Jersey ( Essex County, Bergen County and more ... )
Ahoy, fellow New Jersey real estate investors! I'm a budding real estate investor based in North Arlington, NJ, seeking to learn from experienced individuals and explore potential partnerships and deals. If you're wil...
Nobuko Morgan
Expenses to write off?
I have recently bought an really old house and my husband who is contractor has been working on the house.We are planning to live in and sell after 2 years.I wonder if any expenses can be written off. Any comments or...
Josh Hesketh
Refinance w/ cash out to pay off debt and purchase income property
I am new to real estate investing but eager to learn. I am in the process of refinancing my current 30 yr mortgage to reduce my monthly payment. We determined we will save almost 200 dollars per month but will extend ...
Fletcher Caulk
Sold Home - No Gains Taxes - Can I deduct expenses
I sold a primary residence this year and am not subject to capital gains taxes. Am I able to deduct expenses from selling the home such as realtor admin fees, advertising costs?
Amber Webb
When to register a business name.
Hello all. My husband and I are looking to rehab and flip 2 houses a year in 2016 and 2017. We will be living in them during this period in order to build up capital faster. My question is; How does living in the flip...
Wynn Kopriva
Getting Started: Househacking Strategy
Hi everyone, I’m an engineer in the Houston, TX area looking to purchase my first house/start investing in real estate. I’ve been researching the different strategies presented here, listening to podcasts, reading boo...
Spencer Hoogveld
Living off rental income
I’ve been a real estate investor for the last 5 years. I currently own/manage 4 multi-family properties under commercial loans. My goal is to eventually live off of my passive income. Are there any strategies I should...
Jason Wilde
Rental Expenses and AGI
Hello. Long-time lurker here. I'm hoping that someone here can help me.I'm trying to estimate my AGI (assuming rental income only), but am struggling to find straight answers. I have my lease agreements set up where I...