Hi All - I currently have two occupied units in my building, each having a total household income of <$24k. I pay water and sewer for both, and gas for one of the two.I was reading about someone on BP who was able ...
Few of my rentals are marginally either cashflow + or -, depending on the year, vacancy rate etc. Does LLC setup passthrough rental losses to offset my W2 income ?
www.rentometer.comRent O Meter. Always a Great tool help get some Rent COMP estimates in your prospect investing area. http://www.city-data.com/ City Data. Vary helpful when trying to get demographic information, stat...
I have a 1000 sf 2br/1ba house that needs serious tlc in upscale neighborhood. I'm interested in maximizing rental income and would like to know if rebuilding the existing house to 2 story 3br 3ba 2000sf and adding 80...
I recently moved to a new state and am converting what was my primary residence into a rental. I am set to close on a new primary residence however my underwriter is insisting that my debt to income level is too high...
I've read and heard the term a-b-c-class neighborhoods but unsure what generally defines each type? Is there a commonly used definition? Or set of common elements, such as local schools, distance to stores, distance...
Doing my taxes now. Have about 9 K-1s as an LP in syndications. I am able to put in all the info in the numbered Boxes, and at the very end, it asks me if there is a "Z code" in Box 20 (the first two syndications I ...
Hey all, For clarification purposes: If someone is trying to qualify to purchase a single family to use as a rental, a lender will use 75% of the rent toward the monthly debt service? For example if PITI on the proper...
Hi All,
I came across this awesome video on bigger pockets a couple of months ago that compared all avenues and the income levels you can realistically reach in each. It talked about being a Realtor, House Flipper, S...
Since we're here again for another Tax Season, I'm just curious , as to know 100% what Tax Bracket someone falls in as a whole ( State, City and Federal ) ....all Combined Is it 15% of your Income you should hold o...