Hello everyone, I hope y’all are doing well. So since rental cash flow/income is taxed by the IRS, would I be able to use my renovations cost as a tax deduction? Therefore it’s seen as a loss similar to if a property ...
What do you think of this deal? $1,100,000 for a 6 unit multifamily, newly gut rehabbed, in Chicago 60645. Rental income is 9000 + 400 for laundry and parking. Expenses are 2834/month. This would be my first deal. It ...
I’m interested to know what everyone’s underwriting criteria is…Cash on cashIRRDSCRExpense ratio1% Rule2% Rule50% RuleEtc.Basically how do you want to write a potential multi family investment property?I’m aware there...
What's up Bigger Pockets?Just a quick question for you. I am doing my first fix and flip investment and I'm doing the rehab myself. Can I write the tools that I buy to use in my business off on my taxes?Thanks in adva...
My wife and I are looking to purchase a new home, rent out our current house, and hopefully house hack with the new purchase. The issue that we are running into is that there are very few duplexes in the Phoenix/Phoen...
I'd like to first start off by saying thank you for viewing my post this is my first post on this website . At this moment I am a 2nd year college student , attending Franklin Pierce University in Ringe Nh. Currently ...
Hi,I live in the US but am interested in purchasing a Costa Rican rental (for rent and eventual sale) with my parents who are Costa Rican. They have done this before and they establish a company as a 'sociedad anoni...
Hi all! I'm a first-time investor looking to buy rental properties in Miami within the next couple of years. By then I will have roughly about 250K to invest. My question is this: is it better to completely buy a few ...
We are looking at a property that was once a single family home that now has been broken up into five units. All units are currently occupied and all leases renewed at $700/unit. The landlord is responsible for all ...
I have an opportunity for a small mixed residential/commercial property in a college town. Two apartments up on annual lease and 1 pizza franchise downstairs on a 5 year NNN lease. 5 year old property. Need some BP ey...