I'm confused about the tax advantages of rental properties as compared to stocks. For the following, assume I buy an SFR with 20% down, rent it out, and sell after 30 years.
I'm taxed on the "profit" (I'm not yet sur...
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...
Hi BP,
I just found a property where the the Cash on cash ROI should be more or less 10% according to the numbers found on the listing. That being said, I am skeptical about the income stated, as most of the listings...
Hey guys, we often talk about the tax benefits of owning real estate. Do these benefits extend beyond the rental income? Could somebody give me a laymen's overview of how this works?
What's the point of setting up and LLC if members of the LLC has to pay quarterly taxes for income they may or may not make.Someone please explain this logic to me I'm missing something.Why set up an LLC when it's exp...
I have an 8 unit, off market property under contract. The property is located in Portage mi. A nice area located in Kalamazoo county. The seller is financing it through a Land Contract at a price of $495,000, 6% inter...
I wanted to throw this question out to see what other people are doing on leases. I have office / warehouse space 1500sf to 5000sf. I'm finding so many small business LOVE to have a gross lease so they are absolutely ...
Isn't it just cash directly into your net worth?
When everyone talks about clearing $100 a month for their rentals are they counting principal paydown as part of income or expense?
I'm more interested in holding out and renting out a property than I am flipping one, but if I did find one for a good enough deal and managed to get rid of it fairly quickly, what are the taxes like?
I suppose there...
I am going to be building 3-5 spec homes to sell. Do you recommend getting an LLC for each one? If yes, do I need to setup up separate bank accounts for each one and make sure I am using the correct checking account...