John Jabson
Inflation?
This is such a basic question, but I don't quite understand the basics of it.
If my income increases by 3.5% per year (that's my current raise per year per our contract) and inflation has been between 3-5% pe...
Jordan Akins
Should i refinance?
My dad owns 41 units right together. He has $800,000 in them. The rent from them have been paying the loan for 4 or 5 years. He said a few years ago they appraised around 1.2m and since then have fixed several of them...
Leon Meytin
syndication tax question
I was hoping to clarify something, can someone correct me if i am incorrect?
This example was taken from a previous post, but it was several years old so i though I would post it here
Let's say they invested $100...
Jacob Gol
Can anybody help me understand syndication?
Just trying to understand more about real estate syndication. Thanks!
Billy Raz
Texas: Net Income Taxes from Single Family Rentals
So,I know that Texas has no state income tax. Does this include net rent for rental homes under an LLC?For example, if I show a positive net cash flow of $1000 for a rental property, is the IRS going to collect any i...
Shawn Q.
Set for Life question: using Roth as savings location
I just finished @Scott Trench's Set for Life (as you can no doubt tell from how often I reference it) and I had a thought/question I'd like to put to everyone. What do you think about using a Roth IRA as a component o...
David V.
Deducting passive RE losses from nonbusines income (salary)
Can I deduct passive RE losses from nonbusiness income?? I was not aware of this. Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...
Account Closed
Inquiry Regarding FHA Loan Eligibility and Income Requirements for House Hacking
Hello!I’m a full-time student with a current credit score of 666 and an active work/study job earning $12 per hourCan I qualify for an FHA loan for house hacking with a credit score of 666 and a part-time work/study j...
Micah McAlister
A good way to start!
Hello Everyone!I have inherited a house that is paid off and has really set my family up for success. It is 5 bedrooms, 2 car garage, underground pool, 2 story brick house. I have since updated it and planned on selli...
Timothy W Hanson
Will rental investments increase my W2 tax return?
Hello Bigger Pockets!
I will be closing on my first investment property next week, it is a 4-plex that will cash flow about $700 per month after all expenses including tax escrow, (etc. even including mowing service...