Carmen Ngai
Depreciation and tax liability
Hi Everyone,
I am just starting out and looking for a rental property. So, I have lots of questions, especially about depreciation. I'd like to evaluate how it affects the tax consequence when I sell it some day....
Teri B.
Am I understanding Flipping & Taxes correctly in 2018?
Hello,This is my first year having my taxes done by a CPA. When tax season slows down, I will gladly pay to sit down with him to answer questionsIn the meantime, I'm trying go get a grip on a simplified breakdown. T...
Josh Zigler
Where to start/can I start?
Hey all, new member here. I've been thinking about real estate for awhile now but it has never felt like the right time. Let me know if I'm just making excuses or if I have options given my details.28 years old.I serv...
Gregg Truex
Trying to better understand the cost on UBIT (Unrelated Business Income Tax)
I am purchasing a Short term rental and would like to better understand the potential tax costs of having a self directed IRA vs a self directed 401K. I understand that the 401K is not subject to UBIT but I don't kno...
Shane Elias-Calles
DTI Calculations for New Loan
Hey BP,
I'm running into some DTI Road blocks and am looking for some help. I was under the impression that if you buy a new rental and the debt service coverage is substantial enough, then the DTI is essentially a n...
Theresa Nguyen
Forming a series LLC in Texas
Who would you recommend as a real estate attorney to form a series LLC in Texas? I heard Texas has very good laws.Also, all attorneys would say I must name the LLC myself, they cannot name it for me. What are some t...
Anna Shaver
Financial Plan to $100K yr income
This is uncharted territory for me. Am I on the right track?Goal: Generate $100k a year net income from rental real estate.Background: Currently own a few SFH’s and a condo from early 90’sI have long term W2 income,...
Burke B.
Reasonable Property Management Fee Structure?
I have a question for any members that have a good amount of experience with property managers. I apologize for the length of the post.
I currently own a property in another state and have a property manager who man...
Kelly Olson
STR ROI IN BRYSON CITY, NC
I am looking to invest in STR properties in Bryson City, NC area, I came across a deal and the ROI would be 12.6%. The seller is grossed $69,200 and is asking 549,000. Is 12.6 ROI a decent deal? They seem pretty set o...
Nick Bitz
What would you do???
So I posted a thread yesterday about finally pulling the trigger and buying a house. (inspection is this afternoon, wish me luck) I have my goals and a plan set in place but I'm interested to know what the more experi...