Chaits J.
Tax Question for STR's managed by PM's
Quick question all! What tax deductions do you take on a STR managed by a PM where all you get is 1099 at end of the year for the final payouts made ( after deducting all fees). TIA!
David Fantell
Help on estimating numbers
Hello everyone,I need some help. I am analyzing my first single family fix and flip property and I am trying to total all expenses for the project in order to present it to my gap funder, but when I run the numbers t...
Ryan Sun
Inquiry About Receipts and Fees from PM Company
As a new real estate investor, I recently bought a SFH and hired a PM company to handle it. I'm wondering if it's common for PMs to provide detailed receipts for each project, and if it's reasonable to request them. I...
Account Closed
Tax strategy when buyer is real estate agent
Hi,I am in escrow on a property and I am a new real estate agent. I am in the highest tax bracket in california. My lender told me that I cannot use my commission towards down payment. I can only use it towards closin...
Judy Raymond
Buying a Tax Deed house in an HOA neighborhood
Hi I am new to this forum but I have been a rehabber for years. I am looking at purchasing my first house through a tax deed sale. The house is located in a 55+ community where the owners own the land and have an HOA ...
Shiloh Lundahl
“ Blow Up the 401k ”
I recently listened to the podcast GRE (Get Rich Education with Keith Weinhold) and his guest was Ted Benna, who has been credited to being the father of the 401K. (Here is the link to the episode for any who are inte...
Ryan Moore
How to compare closing cost w/ different lenders
So with refinancing my rental, I'm finding it easy to compare the simple stuff: rate, points, ltv. Next level stuff for me will be the closing cost. Some lenders have provided me a complete list (see image below). ...
Aaron Clements
CPA interview questions
Hi All!I am just starting out and am looking to "build my team". In the process I'm looking at interviewing CPA's as my former CPA has rendered themselves unhelpful as of late. I'm wondering what types of questions I ...
Ilona Kovacs
Self Directed IRA for Notes & Tax liens?
Hi Folks!I have decided to invest in notes and tax liens.Wanted to get advice on the best company that could help me transfer my Roth IRA into a self directed one, so that I can purchase notes and tax liens.I'm from N...
Jacob M.
Does 50% rule work in Texas / Houston?
Hi Everyone. I'm looking at a 4-plex in Houston area. When I run the numbers I seem to get expenses (including vacancy) that is usually 55-60% of gross rents. I think this is partly due to property taxes that are...