Chris Mooney
Maximizing Financial Benefits of Personal Residence
Hi all!
I bought a house last year that has been my primary residence (although I will eventually list the basement studio on Airbnb). I'm doing a considerable amount of DIY renovations. I'm redoing the studio baseme...
Pete Fiannaca
To turbotax or not to turbotax
Hey Everyone,
Quick and relatively simple question. I own 1 SFR in addition to my primary home that I live in. With being so new to the game, should I consider using an accountant for taxes this year to ensure Im not...
Todd Smith
HELOC risk and downside
All I here about is how great HELOC is- How about the downsides: 1) variable rate 2) risk your home if used 3) tax deductible only if used on the same dwelling
Kenny Kuramoto
Trying to Understand my BRRR numbers
I want to see if this is how people analyze their property. PP= $100kARV = $175kRent = $1400Rehab Cost = $40kProperty tax = $500PM = $100Utilities paid by Tenant.Is this right?Cash Purchase Closing Cost + Rehab + Refi...
Account Closed
Real Estate Investing
Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...
Austin Steed
Creative Financing with a 1099
Being a Realtor I get 1099. That creates some issues when it comes to getting financed. All of those other self employed people out there what are some ways that you got around the 2 year minimum for your tax forms? A...
Henry Li
S corp for Real Estate Agent
I have watched a youtube video that the CPA talked about forming a S corp and dump real estate agent commission into the S corp and pay less tax etc etc. my Question is, for most real estate agents, they are not the o...
Julia Parslow
Consolidating funds from small annuity accounts to fund purchase
Over many years of traditional employment, we have acquired several small tax sheltered annuity accounts. They were not great ideas to begin with and now we would like to consolidate all of these small funds into a r...
Josh Amidon
Thoughts on first buy and hold property using owner financing
I have an opportunity in Syracuse, NY to buy my first rental property using owner financing. The property is a duplex with one unit just rehabbed and currently vacant and the other unit currently renting for $800 but ...
Kevin Jung
LLC advice on which state. TX or MS?
Hi, Quick background: I live in TX, but temporarily in MS for work. I found an awesome investment property in MS and currently looking at hard-money & refi after. I have 2 rentals in TX that are not in an LLC.Afte...