Eric Barnett
New Marriage - To form an LLC in addition to existing LLC/S Corp?
When I refer to a new partner I mean a future spouse (fiance) who I will be investing with. My goal is to be able to deduct business meals, travel, etc. that we already commonly do. I currently work in energy consul...
Leo Gonzalez
Paying Income Tax on Low Cost/High Cashflow properties
After successfully purchasing and renting out a duplex in Syracuse NY I've started considering the tax implications of the gross income I will be receiving. The analysis I did on the property accounted for expenses l...
Michael Clayborne
How to interpret a County Report
Hello BP!I am currently working on improving my ability to analyze prospective deals. I've been through the Ultimate Beginners Guide here on BP and it explained a lot! Also reading through the forums and blogs has pro...
Supreet Singh Sachdeva
Cap Rate after income tax
I am a first time house buyer. 3 of us just made a LLC and are planning to buy our first rental property. I contacted an agent about a property and got a cashflow analysis worksheet from him. So, the property is f...
Priyanka K.
Year End Tax Question
Hello fellow realtors!I got my license last month and may not have any earning as a realtor this year. I am looking for ideas on how to manage realtor related expenses that i incurred this year!Can I deduct realtor re...
Jordan Shutts
Texas Property Taxes
I'm currently acquiring single family rental properties for clients in Texas. In my evaluation of these deals I pull the last tax bill to find the millage rate. Should I be multiplying the millage rate by the ARV, pur...
Siqi C.
Can someone help me on the tax rate
I am trying to get my head around the tax rate. This website is very usefulhttp://myplace.cuyahogacounty.us/But I can't get around the numbers I see there. For a property in Shaker Heights city, the tax rate is 4.01%,...
Parth Patel
Tax Benefits of House Hacking
Hello guys,While I've listened to many bigger pockets podcasts, I'm new to the community and this is my first post. At 30 years old and after a long educational journey to become a doctor, I'm finally at the point in ...
Dilini Sundaram
RE needed to bring tax bill to zero
Is there a calculation to determine how much Real Estate you need to buy to bring your tax liability to zero? For simplicity's sake, we can just use straight line depreciation.
Tri Le
Question regarding income from rent
Hi,I'm new to the forums and looking into purchasing rental properties. I do plan on keeping my current job while I get started.I'm currently reading the Bigger Pockets tax strategy book and it is very eye-opening and...