Hello All,
I am new to these forums so I hope that I posted in the correct place and also hope I don't sound like a total newbie even though I am :)
Anyway here goes my story:
I am currently living in a house that ...
hi all,
i can figure out taking rental expenses and interest deduction on my tax return. can i also take tax depreciation as a deduction? where do i do it? experts pls help.
also, what are all the tax deductions i...
Good Day Investors,I am a new investor and under contract to purchase a duplex in Rochester NY. Property has a back tax situation as reads below. My realtor addressed seller about the taxes due and they agreed to pay ...
when i have watched videos about the 50% rule. why does he always include taxes into the expenses part, then he subtracts the mortgage from the other half which includes the taxes again. Or is he calculating the mort...
(Price: 100 unit @$4m-$5m PP, @$1m down)
ACCURATE CONSERVATIVE RETURN NUMBERS FOR APARTMENTS:
Income #1)Cash flow:@8%-10% ROI =$6.7k-$8.3k/month =$80k-$100k/year
Income #2)Principal Pay Down: @33% minimum of $3m m...
Hi everyone,I am a new investor and looking into buying a single family home, but have noticed that there are $4,000 in back property taxes. If I was to purchase this home, would I be the responsible party for paying ...
I'm considering when I might move to full time real estate investing, with my primary income as rental income. Will banks give a mortgage on a primary residence for myself based only on rental income? Do I need a long...
Hi everyone, so I just received some balance transfer checks for a business credit card I have through a Florida LLC (0% interest until next summer). If I use these check and deposit in my account to let it “season” t...
Does anyone know a good real estate investment minded CPA/Tax attorney in the Minneapolis area? I know taxes can be done remotely but I'd really like to work with someone local. Thank you!
Hi BP Community,Although there is so much info on the BP website, I was think that taking a course from someone who is actually doing lien investing would be a great idea so that I can move much quicker in investing q...