Jack Lee
Cashflow Taxation Problem
Hey guys, I have a question.
Hypothetical scenario:
SFR
$1000 NOI
$500 Service on a selling financing.
Cashflow = $500
Are you taxed on the $1000 NOI or on the $500 cashflow?
Jesus Sosa
What do you consider to be a HOMERUN deal?
Good Evening BP community, today I drove by a property with a "for sale by owner" sign in their front yard. I made the call and was given their asking price. After running some numbers, I realized this property has a ...
Dan Smith
Health Insurance Options
My wife and I founded and grew a very successful tech company over the past 10 years and we just had our exit. We have done several property flips and have a few rentals that we’ve accumulated over the years. We reall...
Gustavo Gonzalez
Home insurance claim vs pay out of pocket
Hi all. In need of some guidance. One of my rental properties recently had the AC stolen and I'm torn on whether I should file a claim or pay out of pocket? I have a handy man who can replace it for approximately $150...
Stefan St. Marie
How do you calculate gross revenue?
Is the "gross revenue" $708.10 or $541.26 for this booking?Is it what the guest pays? Or what the host receives?And is cleaning fee part of revenue?What is the industry standard for underwriting?
Daniel Cho
Capital Gains Unforeseen Circumstances
We bought our 2 bedroom Apt about 18 months ago, and to our surprise, my wife became pregnant with our second child. In addition, my job role changed requiring me to work more from home, which makes it nearly impossib...
Michael Brattelli
Insurance policies for rental properties
I would like to hear from long time rental property investors what things you believe are important in a homeowners insurance policy? What specific item coverage on the policy should be increased or decreased to have ...
Monique S.
Pay off rentals or primary home?
Looking for advice on whether to pay off the mortgages on our rentals over the next 5 years or to pay off our primary home mortgage. Not sure if there are advantages to either option considering the new tax laws. The ...
Michelle Sangalang
W-2 High income looking for ways to minimizes taxes with Real estate license
Hey BP Team!Looking for some advice on how to minimize taxes in CA. Here are the facts:1. High income W-2 ($400k+) earner and would like to keep my job.2. Own 3 LTR properties all in CA under a Trust.3. My spouse and ...
Shannon Beavers
How do I find the right insurance policy?
I expect to close on my first deal. It is an MLS purchase, that I plan to rehab. How do I make sure I have the right insurance?