Looking at str with income records from a year ago. Will that income account for some of the monthly payment like multiunit would for 75% of the monthly offsetting that monthly payment able to get into a bigger proper...
Hey all, I set up two sets of books, one for my LTR and one for my AirBnB. The LTR has the mortgage on it, the payments, etc, and the rent from the LTR pays most of the debt on the property. But not all.
I'd like the...
Bigger pockets,
I'm struggling with setting up an organized method to keep track of my rental income. I'm leaning towards the simple method of one checking and one savings account for each rental. This is great, unti...
I'd like to know what the general consensus is on using tax software such as Turbo Tax Premier vs an accountant.
I searched for a question like this already and found someone asked it a few years...
Hi all, I have a question hopefully someone with some expertise may be willing to help with? Should I 1099 an investor for only the profit or should I 1099 for the initial investment and the profits?Back story... A fa...
Hi, I am Canadian investor in US real estate in Indiana State. My goal is to flip property under individual name. I am seeking advise of accountant familiar with foreign income tax in US real estate and have followin...
Hi, I am Canadian investor in US real estate in Indiana State. My goal is to flip property under individual name. I am seeking advise of accountant familiar with foreign income tax in US real estate and have followin...
Hi Atlanta folks,I'm looking for bank recommendations in the ATL metro area.What I need are lenders who will count new or expected rental income in their debt/income ratio calculations.Context is:I am renovating 1 pro...
I've been valuing multi family property based on cash-on-cash return (yearly income after mortgage payments, property taxes, maintenance, vacancy, insurance over upfront cash i.e. down payment and closing costs) and c...
My husband and I bought a small multi-family last year and are self managing. We require 2.8x rent in income and included that in our listing. We have an applicant with 2.3x rent for income and commented on the appl...