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I know the mortgage interest and any expenses associated with the rental property are tax deductible but, is the down payment of a rental property tax deductible?If I put $40,000 down on a rental property, can I deduc...
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I love upvoting good posts. And I love reading good advice, strategy and what have you...however we need a way to separate the bad and the spam from the good. And it needs to be easy.
It's time for a downvote button...
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Good morning all! I have a bit of a problem regarding the property management for my section 8 duplex in St. Pete, FL. I have had this property for a little over a year and while it does cash flow well for me, I have ...
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How do you determine income qualifications for Section 8 tenants? Is it different from tenants who aren't on Section 8? Does 3x rent still qualify considering their income is obviously low considering they are receiv...
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Hello bp,I’ve been working on my credit for a while and now that I’ve reached a score of 740, I’d like to know where I stand as far as what loan I qualify for. Any recommendations for a good broker that can help a new...
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What are the pros and cons of being a non-occupying co-borrower? Planning to help my dad buy his first property but he has low income. Thinking of buying a property close to his work and house hack it. Both of our na...
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Hello!Looking to create an entity for my brokerage business while I still hang my license with a managing broker. I've heard a variety of potential routes to go and would love to get responses from those who have don...
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This is a bit of an Asset protection and Tax consequence question.If I buy a property for 100k (100k is my basis) , 5 years later it's worth 400k, that means I have a 300k capital gain.1 - If I sell the property after...
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Hi I am trying to find a funding option for an upcoming in person auction in Los Angeles county that requires cashiers checks the day of purchase. I have a conventional pre approval for significantly higher than my ma...
Hey people! I’m a business owner whose lease is coming to term in December and I’m wanting to construct a commercial building with an SBA loan (10% down). I’m estimating having to put in between 40k and 75k for the do...