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I’m recently married and I’m living in military housing. My wife is in the Army so we do not have to pay for housing expenses. I do security work and make about 31k a year. With getting a new house we did have to buy ...
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This article:
http://www.googobits.com/articles/1349-taking-a-tax-deduction-for-home-mortgage-interest.html
says near the bottom of page 1 that you have to live in a vacation home 14 days of the year in order to deduc...
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Newbie here... I'm considering investing in Albuquerque, NM.I found a 4 plex for $190K, the total monthly rent is $2100, annually $25,200The unit is 1 of 5 in a complex, owned by a large investment company. I guess th...
If i want to calculate cash flow lets say its 1,000/mo but my Principal,interest,taxes,insurance is 500 so cashflow is 500$. But google says "its usually cash flow before tax" so do i include the taxes into my montl...
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Hello everyone! My name is Robert Sears. I spent the last few years in the Army. I will be transitioning soon and relocating back home to Phoenix. I am looking forward to taking advantage of the VA Home Loan program a...
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We're all aware of the changes the market has experienced in the last 6 or so months in terms of the numbers (higher rates, more days on market, etc.) ...but these numbers don't always convey the on-the-ground realiti...
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Hey everyone, I have a checking account I use to manage my rentals and other business expenses. I have positive cashflow on all my rentals so my balance in this checking account is accumulating but earning zero intere...
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Hi,
If the yearly depreciation is less than the Income minus all other expenses, do we need to start paying taxes on the left over income?
example :
Net Income : Rent - (mortgage+insurance+tax+expenses) = $7,500 ...
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I am 20 years old and live in Minnesota, I recently got a new job that requires an hour commute so I decided to turn to podcasts instead of listening to the same songs over and over. When I stumbled upon the Bigger Po...
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Hey all, my wife and I have been looking to get into a multi family and house hack closer to work. I don’t know if its because we live in an EXPENSIVE area or because we’re trying to FHA a multi so the monthly debt se...