Hi there!Just joining BP after obsessively listening to the podcast for the past few weeks. I'm super psyched about learning as much as possible about RE investing. I've made it my goal to buy our first investment pro...
I have several Rental Properties owned by my wife and I, we manage by ourselves, so we have positive Rental Income on Schedule E. but negative Income on Schedule C, can I put $3000 Property Management Fees as expense ...
Hi everyone,
I got a friend trying to do a 1031 exchange. Given it's a sellers market and interest rates are low, does it make sense to sell a remote investment property, 1031 exchange it to another market pr...
I read somewhere (couldn't find it again, for reference) that if I replace an item, such as an AC, in one unit of a fourplex, I can capture 100% depreciation in that tax year. The logic being that I replaced only 25%...
It’s probably fair to say that every successful investor has made mistakes along the way. After all, mistakes are often the best teachers. But that doesn’t mean we can’t also learn from others’ missteps. Here are six ...
I have a rental property which nets only $200/month when factoring loan and property taxes. How would I calculate my debt to income ratio?
Option A
DTI = (Mortgage + Car Loan) / (Wages from Job + $200 from Rental)
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I am taking over property management of my property from property management company, but don't mind keeping their same lease.
Do I need to create a new lease (same terms) now that I am new manager or can I just keep...
I've seen people in the BP forums with differing opinions on the topic (shocker!). Some say as soon as you get a Property Manager you are passive no matter what. Others quote the readily available Internet information...
How does one transfer the title of a property from their individual name into an LLC. Also, does remove the liability from their name individually, so they can lower their DTI? Thank you for your tips in advance.
Good Evening, I have some cash I am looking to invest in property. Initially I was wanting to buy/rehab/rent/refi/repeat. As of late I am thinking of changing my strategy a bit to get some bigger returns on the front...