Hi, I am trying to refinance out of a bridge loan and am pushing to meet the mark on income. My CPA suggested I use my W2 and my Rental Income and basically not claim much if any of the tens of thousands in expenses t...
Hi Guys,Currently own multiple properties (Sfr),they are spread out into various LLCs, having couple of properties in each LLC.these LLCs are all owned by and a subsidiary of a 1 holding LLC.Rent is currently flowing ...
Hello,so I am working on the tax return for my mother who passed this year. I understand I will do a 1040 for my mother up until her date of death. The confusion comes with the rental income coming between time of dea...
While I understand the 2% rule, I am having a hard time figuring out what a respectable cash flow is on a property after I have analyzed all the costs. For example, I am looking at a duplex which will cost me about...
View report*This link comes directly from our calculators, based on information input by the member who posted.Hello, I am reviewing this potential rental property and I can’t figure if I am being too...
How do you setup QuickBooks when you use a third party property management company? I understand having each property as a separate class, but should the property manager be a vendor since you pay them management fees...
I own a home and I have a few roommates. Do i report the roommate rent as income ?
If not then then follow up......My mortgage is paid off does this change things on reporting income?
I have 2 houses, the mortgage on them is $5k , the first one is a rental and the second is owner occupied but i also rent out the rooms. I want to know about income / debt ratios and tax. I want to buy a 3rd house to ...
So i was researching about passive losses and i found out that i cant claim passive losses if i dont materially participate in the property or (if i am not a real estate professional). How can you show material partic...
Hey guys, newbie here. I've been doing my research and I'm positive that a househack is the way to go to for my first investment. I know I want to purchase a 4-plex on an FHA loan but I want to know what the real "cat...