Michael Maynard
Opened mortgage on primary home to purchase rental properties
We took out a 1st conventional mortgage on our primary home. With that money we purchased 2 rental properties under the business name. Are we able to deduct the mortgage interest on our taxes? -only place on tax form ...
David F.
State Tax
Hypothetical scenario: I live in CA and purchased a rental in NC that my brother manages. If I have a $10,000 taxable profit (after depreciation etc) from that property. I am in the 9.3% CA income tax bracket, and ...
David Demesyeux
Finding property
What's the best way to go about finding rental properties for sale in an area?
Sarita Crawford
int. rates: condos v. SFDs
I want to refi my condo. My credit report qualifies me for the lowest interest rate. My lender says 4% is the best I can do (without purchasing a lower rate) because condos don't receive the same interest rates as sin...
Victoria Bligen
Current Leasing Specialist
Hello, I’ve been in property management for about 4 years now. I’m looking to go into business for myself next year. I’m trying to do some research on the state laws in Georgia with hopes to relocate. If I understand ...
Jermaine Chad Ingram
photos in the calculator
does anyone know how to right the photos in the calculator. it wont allow for properly rotating the pics. They are correct in my computer, but the calculator rotates them. and it still wont allow me to rotate them onc...
Toshiki Hoshino
Refinancing UBTI Question
Hello BP,
What are you tax consequences on below situation purchasing property under Checkbook LLC.
Purchased owner financing commercial property with 2 partners (33% ownership each) for $1,250,000 with down payme...
Nick Glatzer
New Tax law limits business or rental loss to offset W2 wages
I came across this statement in an article on the new tax law. "The new tax law restricts taxpayers from deducting losses incurred in an active trade or business from wage income or portfolio income and this will appl...
Tim Wang
Apartment Complex's Effect on Surrounding Properties?
Hi, I was looking at a 4-plex today and noticed there were several large apartment complexes surrounding the area. I'd assume that due to this competition, the rent rates for each unit on the 4-plex would have to be l...
Jason Tejano
RE Investing Spreadsheet
Hi BP,
I am new to RE investing and I was wondering if anyone would mind sharing any spreadsheets that they may have constructed to assist in determining if certain RE is worth investing in. Or if anyone can point me...