Kelsey Vander Meulen
Program to Calculate Tax Savings in Deal Analyses
Hi all,
My husband and I are high-income earners in a high income tax state (California). We currently own a SFR in Texas, but we are looking to purchase another SFR in Arizona. Given our tax bracket, including tax ...
Eric Zilberman
Calculating NOI to determine rental property profitability
When calculating NOI or any of the other metrics that are used to determine whether a rental investment is worthwhile, why isn't the principal contribution in the mortgage ever considered as earned income?
Dustin N.
Flood insurance?
Hi everybody new here,So I just bought a rental property in cash that is located in a 100 year flood plain zone. Is it worth it to get the insurance? From calculations, it appears that it will at least take 1500 away ...
Gregory Morris
Lowering debt to income ratio for future loans
Hey friends, I am working on my first investment deal and can't wait to get onto my second! I am going to rent out my current condo and fix and flip my new spot with my girlfriend. I was able to use an FHA loan which ...
Kel S
Tax reduction on home by simply writing a letter
We recently wrote a letter to the Tax Auditors office to request a re-assessment of the tax value on one of our properties. This would be the taxable value of the home. For an hour of our time in writing the letter, w...
April Birdsong
AGI >$100,000 Can't deduct rental losses?
Hi thereI am new to investing, looking at a SFH for my 1st rental property and trying to understand the tax benefits that are often spoken of on the podcasts. But, my CPA says that because my AGI is >$100,000, I am...
Brian H.
Question about the Property Management expense for self-managed
Hey all!So I have been doing a lot of analysis lately on possible SFH in the area to buy and hold. I do not plan to pay someone to manage my properties anytime in the near or even somewhat distant future. When I tak...
Montez B.
Owner pays Utilities
Hey team I have a quick question, so I found a great 4 plex to house hack in a C+ area only thing is the owner has to play the utilities, should I stay away from properties like this ? If so what will be some pros an...
Louie E.
Paying utilities vs not paying utilities
Good day. When does it make sense to make tenants pay utilities. I have this 4-plex on contract and the current tenants have the utilities included in their monthly rent. 2 are paying 650 and the other 2 paying 550...
Dav Pohote
Options for 8 unit multifamily gut remodel?
Was actually denied for a commercial because it's stripped to the studs and deemed uninhabitable. I've heard anything over 4 units is commercial but you can still get residential loans on 8 unit or less properties. Is...